Seoul shares open lower despite EU, China stimulus

South Korean stocks opened lower Friday, as investors were unmoved by the European and Chinese timulus measures taken overnight, analysts said.

The Korea Composite Stock Price Index (KOSPI) dipped 4.31 oints, or 0.23 percent to 1,871.18 in the first 15 minutes of trading.

Tech blue chips and financials drove the shares down, with arket behemoth Samsung Electronics losing 0.34 percent and No. 2 ender Hana Financial shedding 0.4 percent.

The European Central Bank and the Bank of China cut their key ates on Thursday, but global markets reacted with a wary eye with all Street closing mixed.

The local currency was trading at 1,137.00 won as of 9:15 a.m., own 2.0 won from Thursday's close. (Yonhap News)