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THE INVESTOR] South Korean stocks opened lower on Oct. 25, amid market heavyweights losing momentum.
The benchmark KOSPI fell 10.13 points, or 0.49 percent, to 2,037.61 in the first 15 minutes of trading.
Most large caps traded mixed with market kingpin Samsung Electronics dipping 0.68 percent.
Samsung C&T, Samsung’s de facto holding firm, lost 0.6 percent, and state-run Korean Electric Power Corp. declined 0.59 percent.
In contrast, SK hynix was up 1.37 percent on its better-than-expected third-quarter earnings and top automaker Hyundai Motor advanced 0.74 percent.
The local currency was trading at 1,136.05 won against the US dollar, down 5.05 won from the previous session’s close.
(
theinvestor@heraldcorp.com)
