SEOUL: South Korean stocks opened nearly flat Wednesday as investors sat on the sidelines waiting for market-moving events.
The benchmark Korea Composite Stock Price Index edged up 0.12 point, or 0.01 percent, to 2,016.17 in the first 15 minutes of trading.
No. 1 carmaker Hyundai Motor remained unchanged from the previous session, while Kia Motors shed 1.44 percent. Top auto-parts maker Hyundai Mobis added 0.4 percent.
Top mobile carrier SK Telecom lost 0.21 percent, and KT moved down 0.5 percent. LG Uplus decreased 0.91 percent.
The local currency was trading at 1,147.20 won against the U.S. dollar as of 9:15 a.m., up 6.6 won from Tuesday’s close.
