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Seoul shares open lower on bearish airlines, builders

South Korean stocks opened lower Wednesday, dented by losses in shares of air carriers and construction firms, analysts said.

The benchmark Korea Composite Stock Price Index (KOSPI) fell 4.38 points, or 0.22 percent, to 1,985.13 in the first 15 minutes of trading.

Korean Air Lines, the country's leading air carrier, sank 1.3 percent, with No. 1 builder Hyundai Engineering & Construction sliding nearly 1 percent.

The local currency was trading at 1,124.45 won against the U.S. dollar, down 2.25 won from Tuesday's close. (Yonhap News)



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