South Korean stocks opened lower on Wednesday, mainly due to losses from technology and insurance shares. The benchmark Korea Composite Stock Price Index shed 13.59 points, or 0.5 percent, to 2,710.59 in the first 15 minutes of trading. Top tech giant Samsung Electronics slid 1.28 percent, and LG Electronics shed 0.62 percent to 95,900 won. Insurance firms were among major losers as well, with Samsung Life Insurance falling 2.94 percent and Samsung Fire and Marine Insurance decreasing 3.48 percent. Chemical firms, on the other hand, opened higher, with Amorepacific climbing 0.43 percent and LG Household and Health Care rising 0.89 percent. The local currency was trading at 1,364 won against the U.S. dollar, down 0.7 won from the previous session's close. Source: Yonhap News Agency
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