SEOUL: South Korean stocks opened nearly flat Wednesday as investors remained concerned over the slowing Chinese economy, the country’s No. 1 trading partner, analysts said.
After opening lower, the benchmark Korea Composite Stock Price Index (KOSPI) edged up 1.88 points, or 0.09 percent, to 2,029.87 in the first 15 minutes of trading.
Tech shares traded mixed, with market behemoth Samsung Electronics falling 0.25 percent and chipmaker SK hyinx adding 2.01 percent. LG Electronics climbed 1.2 percent.
Carmakers opened higher, with Hyundai Motor advancing 1.04 percent and its auto parts affiliate Hyundai Mobis climbing 0.24 percent. Kia Motors gained 1.05 percent.
