Seoul shares open lower despite falling oil prices, bond yields

Seoul shares opened lower on Wednesday, despite easing concerns over oil prices and bond yields. The benchmark Korea Composite Stock Price Index (KOSPI) fell 77.14 points, or 1.11 percent, to 6,864.25 at the opening bell, according to The Korea Times.

However, Yonhap News reported that the KOSPI later narrowed its losses to trade down 18.8 points, or 0.27 percent, to 6,922.59 as of 9:15 a.m. Several major stocks experienced losses, including SK hynix, LG Electronics, Hyundai Motor, and POSCO Holdings, with declines of 1.02 percent, 2.37 percent, 1.44 percent, and 2.83 percent respectively.

On the other hand, some stocks gained, with Samsung Electronics rising 2.21 percent and Amorepacific climbing 4.2 percent. The Korean won was trading at 1,340.05 won against the U.S. dollar, down 1.95 won from the previous close, as per Yonhap News.

Brief written by urgent.news from The Korea Times, Yonhap News — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.