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  • Seoul shares start lower on lack of momentum
    Seoul shares start lower on lack of momentum
    South Korean stocks opened marginally lower Wednesday due to a lack of buying momentum ahead of the holiday season. The benchmark Korea Composite Stock Price Index edged down 1.95 points, or 0.1 percent, to 1,990.61 in the first 15 minutes of trading.Petrochemicals were up as crude oil prices recovered slightly from a multi-year low.Top refiner SK Innovation increased 1.86 percent, and No. 3 refiner S-Oil edged up 0....
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Seoul shares start lower on lack of momentum

Dec. 23, 2015 - 10:51 By KH디지털2

South Korean stocks opened marginally lower Wednesday due to a lack of buying momentum ahead of the holiday season.

The benchmark Korea Composite Stock Price Index edged down 1.95 points, or 0.1 percent, to 1,990.61 in the first 15 minutes of trading.

Petrochemicals were up as crude oil prices recovered slightly from a multi-year low.

Top refiner SK Innovation increased 1.86 percent, and No. 3 refiner S-Oil edged up 0.74 percent.

Engineering and builders were in negative terrain.

Samsung Engineering, the plant engineering unit under Samsung Group, declined 3.01 percent and POSCO Plantec, the plant building unit of POSCO, fell 2.62 percent.

The local currency was trading at 1,170.7 won against the U.S. dollar as of 9:15 a.m., up 2.6 won from Tuesday's close. (Yonhap)

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