Seoul shares open flat

South Korean share prices opened nearly flat Thursday despite some support from tech and logistics stocks.

Screens display market numbers at a South Korean brokerage in Seoul. (Yonhap)

The benchmark Korea Composite Stock Price Index added 2.07 points, or 0.11 percent, to 1,847.52 in the first 15 minutes of trading.

But the index soon fell into the negative, and was trading more than 1 percent lower at 1843.86 as of 9:46 a.m.

Samsung Electronics opened 0.97 percent higher, and No. 1 chipmaker SK hynix was up 0.75 percent. LG Display advanced 0.24 percent.

Logistics firms also kicked off in a bullish mode, with Hyundai Glovis moving up 0.54 percent and top air carrier Korean Air increasing 0.43 percent. Hyundai Merchant Marine soared 16.41 percent.

The local currency was trading at 1,208.00 won against the U.S. dollar as of 9:15 a.m., up 6 won from the previous session’s close.

(khnews@heraldcorp.com)