Seoul shares open lower ahead of US jobs data


On Friday, South Korean stocks opened with a slight decrease, as investors awaited the release of the US jobs report, which could signal a potential recession. The Korea Composite Stock Price Index fell by 0.30 percent to 2,567.87 in the first 15 minutes of trading, following a continuous decline since the US reported lower-than-expected manufacturing purchasing managers index on Tuesday. The US is expected to release its latest jobs data on the same day. In Seoul, large-cap stocks showed mixed performance. Samsung Electronics saw a 0.29 percent increase, while SK hynix, the world's second-largest chipmaker, experienced a 1.13 percent decline. Major battery manufacturers LG Energy Solution and Samsung SDS also saw losses of 1.59 percent and 0.69 percent, respectively, while top mobile service provider SK Telecom surged by 1.92 percent. The automotive sector was in negative territory, with Hyundai Motor slipping by 0.66 percent and its affiliate Kia Motors falling by 1.19 percent. Meanwhile, the local currency was trading at 1,332.90 won against the US dollar, up 3.0 won from the previous session.


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