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Seoul shares open lower on techs, builders
SEOUL, July 29 (Yonhap) -- South Korean stocks opened lower Monday on losses in tech firms and construction companies, analysts said.

   The benchmark Korea Composite Stock Price Index (KOSPI) moved down 3.87 points, or 0.2 percent, to 1,906.94 in the first 15 minutes of trading.

   Tech shares led the market decline, with No. 1 player Samsung Electronics falling 0.46 percent and leading chipmaker SK hynix decreasing 2.84 percent. Flat panel maker LG Display shed 1.07 percent.

   Builders traded bearish, with Daelim Industrial falling 0.22 percent and Daewoo Engineering & Construction losing 0.93 percent. Top steelmaker POSCO shed 0.46 percent.

   The local currency was trading at 1,109.40 won against the U.S. dollar as of 9:15 a.m., up 1.70 won from Friday's close.

   colin@yna.co.kr
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