Seoul stocks open lower ahead of earnings reports, Fed decision

South Korean stocks opened lower Monday as investors awaited third-quarter earnings from major chipmakers and the US Federal Reserve's monetary policy decision later this week amid rising oil prices. After opening 0.92 percent lower, the benchmark Korea Composite Stock Price Index pared its earlier losses to trade down 24.45 points, or 0.46 percent, to 5,524.85 as of 9:15 a.m. The index gained 0.3 percent Friday but lost 2.08 percent for the week amid heavy foreign selling and volatility in semi

Source: The Korea Herald