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South Korean shares fall on declines in Posco, Hyundai Motor

South Korean shares fall on declines in Posco, Hyundai Motor

South Korean shares fell marginally Thursday, erasing early gains as blue chips Posco and Hyundai Motor declined.
The Korea Composite Stock Price Index, or Kospi, fell 0.7 point, marginal in percentage terms, to 1,382.36.
Posco, the world's third-largest steelmaker, fell 1.7 percent to 323,500 won as investors locked in profit, after it gained 7.8 percent the previous three sessions.
Hyundai Motor Co., the world's sixth-largest automaker, fell 0.8 percent to 66,500 won after it reported net profit declined 22 percent in the fourth quarter from the same period last year.
In currency trading, the U.S. dollar was unchanged at 936 won.


Updated : 2021-03-02 02:42 GMT+08:00