select languages
fullstory_title
sns RSS mobile twitter
weather
mostview_topstock
mostview_bottom
latestnewslatestnews RSS
Full story
Home > Full story
Seoul shares open lower on Samsung case
SEOUL, Aug. 5 (Yonhap) -- South Korean stocks got off to a weak start Monday led by a loss in Samsung Electronics, analyst said.

   The benchmark Korea Composite Stock Price Index (KOSPI) lost 1.24 points, or 0.06 percent, to 1,922.14 in the first 15 minutes of trading.

   The world's leading smartphone maker, which takes up about 17 percent of KOSPI's market cap, slid 0.7 percent, after the U.S. government overturned its trade panel's sales ban on older devices made by Apple Inc.

   The veto from the Obama administration on Saturday reversed the ruling that gave Samsung the upper hand over its rival in their worldwide patent war.

   Meanwhile, other large-caps here gathered ground, with Hyundai Motor climbing more than 1 percent and POSCO gaining 0.2 percent.

   The local currency was trading at 1,118.05 won against the U.S. dollar as of 9:15 a.m., up 5.55 won from Friday's close.

   elly@yna.co.kr
(END)
HOMEtop