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Seoul stocks open lower on tech losses

2018/02/20 09:31

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SEOUL, Feb. 20 (Yonhap) -- South Korean stocks opened lower early Tuesday due to losses by large-cap technology shares.

The benchmark Korea Composite Stock Price Index (KOSPI) fell 10.27 points, or 0.42 percent, to 2,432.55 in the first 15 minutes of trading.

Tech shares mostly lost ground, with market kingpin Samsung Electronics moving down 1.16 percent and the country's No. 2 chipmaker SK hynix shedding 0.65 percent.

Auto shares, meanwhile, were mixed, with industry leader Hyundai Motor unchanged and its sister company Kia Motor shedding 0.3 percent.

The local currency was trading at 1,069.6 won against the U.S. dollar, down 2 won from the previous session's close.