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Seoul shares open lower on Sept. 6

[THE INVESTOR] South Korean stocks opened slightly lower on Sept. 6, as investors attempted to lock in recent gains.

The benchmark KOSPI shed 0.27 point, or 0.01 percent, to 2,058.89 in the first 15 minutes of trading.

The KOSPI hit a 14-month high on Sept. 5 on eased concerns over an imminent rate hike in the United States.

Most large caps traded mixed with market kingpin Samsung Electronics rising 0.19 percent.

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123rf


Top automaker Hyundai Motor shed 0.36 percent, and top steelmaker POSCO fell 0.21 percent.

Naver, the operator of the country’s top internet portal, advanced 1.41 percent.

The local currency was trading at 1,103.90 won against the US dollar, up 1.25 won from the previous session’s close.

(theinvestor@heraldcorp.com)
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