S. Korean shares open lower on eurozone woes
SEOUL, Oct. 21 (Yonhap) -- South Korean stocks opened lower Tuesday as investor sentiment was dented by continued economic tensions in Europe, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) started in negative territory and stood at 1,915.37 in the first 15 minutes of trading, down 14.69 points, or 0.76 percent, from Monday's close.
Large caps led the decline, with market behemoth Samsung Electronic dropping 1.18 percent and the country's No. 1 automaker Hyundai Motor sliding 0.89 percent.
Top steelmaker POSCO also shed 1.89 percent, and leading portal operator Naver lost 0.77 percent. Top mobile carrier SK Telecom surrendered 0.19 percent.
Despite a slight improvement last week, European stock markets have remained shaky, with investors concerned about its overall weakness.
The local currency was trading at 1,054.95 won against the U.S. dollar as of 9:15 a.m., up 4.65 won from Monday's close.
yjkim8826@yna.co.kr
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