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South Korea's main stock index falls on technology declines

South Korea's main stock index falls on technology declines

South Korean shares fell Monday, led by declines in technology stocks. The won was flat against the U.S. dollar.
The Korea Composite Stock Price Index fell 8.23 points, or 0.6 percent, to 1,363.10.
Hynix Semiconductor Inc. and Samsung Electronics Co. on investor concerns about declining prices for dynamic random access memory, or DRAM, chips used in personal computers.
Hynix fell 3.8 percent to 31,700 won and Samsung declined 1.5 percent to 578,000 won.
Kia Motors Corp., South Korea's second-largest automaker, fell 3 percent to 11,400 won on poor fourth-quarter earnings results and a weaker 2007 outlook.
Kia on Friday announced a fourth-quarter net loss from the same period the year before, its second straight quarter of red ink.
In currency trading, the U.S. dollar closed at 940.50 won, the same as Friday.


Updated : 2021-05-09 12:52 GMT+08:00