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Last week, U.S. Federal Reserve officials signaled further potential interest hikes this year while keeping current rates unchanged.
In Seoul, most top-cap shares opened lower. Market bellwether Samsung Electronics (KS:005930) lost 0.15 percent, and chip giant SK hynix (KS:000660) retreated by 1.02 percent. Leading battery maker LG Energy Solution saw a decrease of 0.92 percent, and Posco Holdings sank by 2.46 percent. LG Chem also experienced a decrease, shedding 0.39 percent.
Automakers in the country also experienced a downturn in their opening values. Top automaker Hyundai Motor (OTC:HYMTF) went down by 0.78 percent, and Kia shed 0.12 percent.
The local currency was trading at 1,334.60 won against the U.S dollar at 9:15 a.m., marking an increase of 2.2 won from the previous session’s close.
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