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THE INVESTOR] South Korean shares opened slightly lower July 14, bucking the Wall Street trend, as investors sought to lock in recent gains.
The benchmark Korea Composite Stock Price Index fell 1.34 points, or 0.07 percent, to 2,004.21 in the first 15 minutes of trading.
Keen attention is being paid to whether the KOSPI will be able to maintain momentum after reaching a monthly high a day earlier.
Traders are waiting for a statement on the results of the Bank of Korea’s monthly monetary policy meeting later July 14.
In New York, the S&P 500 inched up 0.29 points to 2,152.43 and the Dow Jones industrial average also climbed 24.45 points, or 0.1 percent, to 18,372.12.
Samsung Electronics rose 0.41 percent, and leading automaker Hyundai Motor declined 2.58 percent.
The local currency was trading at 1,145.95 won against the US dollar, up 0.45 won from the previous session’s close.
(
theinvestor@heraldcorp.com)
