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South Korean stocks opened down 1.11% on Wednesday, despite overnight gains in US equities and a drop in oil prices and bond yields.
The Korea Composite Stock Price Index (KOSPI) opened down 1.11% on Wednesday, narrowing its losses to 0.27% to 6,922.59 points as of 9:15 AM. This trend bucked the overnight gains in US stocks and easing concerns over falling oil prices and bond yields. Overnight, the Dow Jones Industrial Average rose 0.49%, and the Nasdaq Composite Index gained 0.45%.
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