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An electronic board showing the Korea Composite Stock Price Index (Kospi) at a dealing room of the Hana Bank headquarters in Seoul on Monday. (Yonhap) |
South Korean stocks opened lower Monday, as investors remained cautious amid the Ukraine tensions.
The benchmark Korea Composite Stock Price Index (Kospi) retreated 9.61 points, or 0.36 percent, to 2,667.15 points in the first 15 minutes of trading.
Stocks dropped as investors digest a new set of sanctions by the United States and Western nations on Russia over the Kremlin's attack on Ukraine.
Most stocks retreated in Seoul, led by foreign and institutional sell-offs.
Market bellwether Samsung Electronics lost 0.97 percent, and No. 2 chipmaker SK hynix declined 1.22 percent.
Internet portal operator Naver retreated 0.64 percent, and top carmaker Hyundai Motor decreased 2.3 percent. Leading chemical firm LG Chem moved down 0.54 percent.
The local currency was trading at 1,206 won against the US dollar, down 4.4 won from the previous session's close. (Yonhap)
