Seoul shares open lower ahead of earnings season
South Korean stocks started a tad lower Monday as investors took a cautious approach ahead of the earnings season.
The benchmark Korea Composite Stock Price Index fell 6.06 points, or 0.25 percent, to 2,450.09 in the first 15 minutes of trading.
Most of the major publicly traded companies report their quarterly earnings starting next week, with market heavyweights SK hynix and Samsung Electronics slated for Oct. 26 and Oct. 31, respectively.
Battery shares led the decline, with industry leader LG Energy Solution, the second-biggest share in terms of market cap, losing 1.14 percent and Posco Future M sinking 3.74 percent.
Builders were also among the losers, with Hyundai Engineering & Construction decreasing 0.7 percent and Samsung C&T skidding 0.28 percent.
Top online portal operator Naver fell 0.83 percent, and leading game developer NCSOFT dropped 0.89 percent.
The local currency was trading at 1,351.25 won against the US dollar at 9:15 a.m., down 1.25 won from the previous session's close. (Yonhap)
相关推荐
- P&G Korea launches premium diaper to combat skin dryness
- [New in Korean] 'The path to happiness is forgiveness,' says Korea's first million
- Volvo expands presence in Korean market
- LG CNS, NYC, AmCham Korea forge partnerships on digital transformation
- [Herald Interview] Dyson engineer stresses potential of Korean hair care market
- From artisan to 'foreign laborer:' a French craftsman's take on Korea's construction scene
- S. Korea thanks countries near Gaza for assisting in evacuation of S. Korean family
- [New in Korean] Even in city overrun by mold, humans dream of stars, sunsets