Seoul stocks open down on foreign sell-off

SEOUL, May 14 (Yonhap) -- South Korean stocks started weaker Thursday on massive
foreign selling, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) dropped 19.71 points, or
1.39 percent, to 1,394.81 in the first 15 minutes of trading.
Samsung Electronics and state power company Korea Electric Power Corp. traded
sharply lower on a sell-off by foreign investors, who have been net sellers for
the last two sessions.
The local currency was trading at 1,255.65 won against the U.S. dollar as of 9:15
a.m., down 11.75 won from Wednesday's close.
ygkim@yna.co.kr
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