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Seoul shares start tad lower on profit taking
Friday, May 17, 2024       07:37 WIB

SEOUL, May 17 (Yonhap) -- South Korean stocks started a tad lower Friday following the previous day's rally amid hopes for a U.S. rate cut.
The benchmark Korea Composite Stock Price Index shed 6.19 points, or 0.22 percent, to 2,746.81 in the first 15 minutes of trading.
On Wall Street, major stock indices closed lower Thursday after their record high on the previous day on data showing a slowdown in inflation.
The Dow Jones Industrial Average fell 0.1 percent, and the Nasdaq Composite lost 0.26 percent.
In Seoul, most shares traded in mixed territory.
Major chipmaker SK hynix and leading battery maker LG Energy Solution stayed flat.
Top oil refinery SK Innovation declined 1 percent, and steel giant POSCO Holdings fell 0.62 percent.
But top-cap Samsung Electronics rose 0.38 percent and major carmaker Kia climbed 0.09 percent.
The local currency was trading at 1,352.25 won against the U.S. dollar, down 7.25 won from the previous session's close.

Sumber : yna.co.kr

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