Kospi opens lower as tech, insurance stocks dip
![Screens in Hana Bank's trading room in central Seoul show stock markets close on Tuesday. [YONHAP]](https://koreajoongangdaily.joins.com/data/photo/2024/05/22/5419e31b-2600-4b40-a4c7-866bd268e116.jpg)
Screens in Hana Bank's trading room in central Seoul show stock markets close on Tuesday. [YONHAP]
Stocks opened lower on Wednesday, mainly due to losses from technology and insurance shares.
The Kospi shed 13.59 points, or 0.5 percent, to 2,710.59 in the first 15 minutes of trading.
Samsung Electronics slid 1.28 percent, and LG Electronics shed 0.62 percent to 95,900 won.
Insurance firms were among the major losers too, with Samsung Life Insurance falling 2.94 percent and Samsung Fire & Marine Insurance decreasing 3.48 percent.
Chemical firms, on the other hand, opened higher, with Amorepacific climbing 0.43 percent and LG Household & Health Care rising 0.89 percent.
The local currency was trading at 1,364 won against the dollar, up 0.7 won from the previous session's close.
BY CHOI HAE-JIN, YONHAP [choi.haejin@joongang.co.kr]
with the Korea JoongAng Daily
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