The Korea Herald

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Seoul shares open lower on Wall Street losses

By Yonhap

Published : Aug. 10, 2023 - 09:33

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An electronic board showing the Korea Composite Stock Price Index at a dealing room of the Hana Bank headquarters in Seoul on Thursday. (Yonhap) An electronic board showing the Korea Composite Stock Price Index at a dealing room of the Hana Bank headquarters in Seoul on Thursday. (Yonhap)

South Korean stocks got off to a weak start Thursday, tracking overnight losses on Wall Street.

The benchmark Korea Composite Stock Price Index fell 11.42 points, or 0.44 percent, to 2,593.7 in the first 15 minutes of trading.

The Dow Jones Industrial Average declined 0.54 percent and the Nasdaq Composite dropped 1.2 percent as investors were cautious ahead of the release of the US consumer price index, slated for Thursday.

In Seoul, most big-cap shares declined across the board.

Market bellwether Samsung Electronics sank 1.02 percent, and its chipmaking rival SK hynix retreated 1.94 percent.

Battery makers were also weak, with industry leader LG Energy Solution inching down 0.72 percent and Samsung SDI losing 1.58 percent.

The local currency was trading at 1,317.3 won against the US dollar at 9:15 a.m., down 2 won from Wednesday's close. (Yonhap)