April 26, 2024

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[THE INVESTOR] South Korean stocks started lower on Jan. 11, trailing overnight losses on Wall Street.

The benchmark Korea Composite Stock Price Index shed 1.52 points, or 0.06 percent, to 2,498.13 in the first 15 minutes of trading.

Foreigners remained net sellers as major US indexes retreated on Jan. 10 as investors worried that China would slow US government bond purchases.

Tech shares were mixed. Top market cap Samsung Electronics inched down 0.16 percent, and SK hynix, a major chipmaker, edged up 0.27 percent.

Leading automaker Hyundai Motor fell 1.29 percent, and top chemical firm LG Chem gained 1.68 percent.

The local currency was trading at 1,070.1 won against the US dollar, up 1.8 won from the previous session‘s close.

By Alex Lee and newswires (alexlee@heraldcorp.com)