(LEAD) Seoul stocks open lower on chip losses
SEOUL, Oct. 1 (Yonhap) -- South Korean stocks opened lower Thursday, dragged dow...
Seoul stocks opened on a lower note on Thursday, with the main driving force being losses in chip-related companies, following a three-day decline. At 9:15 a.m., the Korea Composite Stock Price Index (KOSPI) slipped 26.3 points, or 0.38%, settling at 6,811.74. Overnight, the U.S. stock market saw mixed results, as Wall Street closed mixed, with the Dow Jones Industrial Average slipping 0.86% and the S&P 500 down 0.25%.
The tech-heavy Nasdaq Composite Index, however, managed a 0.24% increase. Among Seoul's major players, market leaders Samsung Electronics and chipmaker SK hynix both reported declines. Samsung Electronics dropped 0.28%, while SK hynix's parent company, SK Square, fell a steeper 2.81%. Electronics components arm Samsung Electro-Mechanics also suffered, shedding 2.05%.
The Korean won fell to 1,358.7 per U.S. dollar, marking a 3 won decline from the previous trading session.
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Also reported by 2 other outlets
- Seoul stocks open lower on chip losses koreatimes.co.kr
- Seoul stocks open lower on chip losses en.yna.co.kr
