Update South Korean Stock Shares

South Korean shares opened nearly unchanged on Tuesday as investors took a breather from the recent rally and were disheartened by overnight Wall Street falls, analysts said.

The benchmark Korea Composite Stock Price Index (KOSPI) added 0.74 points, or 0.04 percent, to 1,861.57 in the first 15 minutes of trading.

Investors took a pause from the four-session rally that sent the key index to a 28-month high after the U.S. stock markets closed slightly lower on Monday.

The Dow Jones industrial average fell 0.44 percent and the tech-laden Nasdaq composite index was down 0.48 percent.

Top car maker Hyundai Motor traded nearly 2 percent weaker after the company recalled 140,000 vehicles sold in the U.S., but air carriers, including Asiana Airlines, outperformed, gaining more than 2 percent.

The local currency was trading at 1,149.25 won to the greenback, down 0.25 won from Monday’s close. (PNA/Yonhap)

Leave a Reply