South Korean share prices opened lower on Friday as large cap shares started bearish on foreign selling.
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Seoul share prices are displayed on an electronic board at the Korea Exchange. (Yonhap) |
The benchmark Korea Composite Stock Price Index slipped 5.37 points, or 0.27 percent, to 1,990.48 in the first 15 minutes of trading. As of 10:02 a.m., the index was trading 0.6 percent lower at 1983.81.
Analysts said sentiment was down on foreign net selling, which stood at over 60 billion won ($52.4 million) this morning.
Bluechips like Samsung Electronics, Hyundai Motor and POSCO were losing ground in early-morning trading. KB Financial, however, opened higher on reports that it was picked as the preferred bidder for a controlling stake in Hyundai Securities.
(
khnews@heraldcorp.com)
