Seoul shares open lower on profit-taking

SEOUL, July 28 (Yonhap) -- South Korean stocks got off to a weak start Tuesday as
investors locked in profits from recent sharp gains, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) declined 2.39 points, or
0.16 percent, to 1,521.16 in the first 15 minutes of trading.
The KOSPI rose to an 11-month high on Monday as foreign investors extended their
buying spree to the ninth straight session and solid earnings momentum lifted
sentiment.
The local currency was trading at 1,243.15 won to the U.S. dollar as of 9:15
a.m., up 0.85 won from Monday's close.
sooyeon@yna.co.kr
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