SEOUL, March 27 (Yonhap) -- South Korean stocks opened lower on Wednesday as investors dumped tech shares amid gloomy earnings forecasts.
The benchmark Korea Composite Stock Price Index (KOSPI) shed 13.09 points, or 0.61 percent, to 2,135.71 in the first 15 minutes of trading.
Market bellwether Samsung Electronics tumbled 2.10 percent after its announcement of a worse-than-expected first quarter earnings outlook.
Its rival, SK hynix, slumped 1.93 percent and Samsung SDS, an IT solution unit of Samsung Group, fell 0.86 percent.
The local currency was changing hands at 1,135.25 won against the U.S. dollar as of 9:15 a.m., down 1.85 won from the previous session's close.
(News Focus) Korea won set to lose further ground amid trade tensions, Fed concerns
Korea won set to lose further ground amid trade tensions, Fed concerns
Economic uncertainty prompts rush to safe assets
BOK faces growing calls to cut rate amid grim outlook
BOK stands pat, but analysts divided on chance of rate cut