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Stocks in Korea and Taiwan were the first to open in the new year in Asia, but while Seoul shares traded higher on their first day of trading, shares in Taiwan opened flat and then edged lower.
Seoul shares opened up 0.33 percent on Monday, but gains were seen capped as investors awaited the release of key U.S. data and earnings reports by Korean firms to provide signs of clear direction.
Early gains were led by tech shares, with Hynix Semiconductor jumping 4.33 percent. The Korea Composite Stock Price Index (KOSPI) [.KS11 1826.55 0.81 (+0.04%) ] was up around 0.4 percent at 1,833 around an hour and a half after trading got underway.
Taiwan stocks, on the other hand, opened flat, but then lost ground as investors remained cautious ahead of the island's presidential vote and with little guidance as most regional markets are closed. (see Asian markets holiday schedule)
The main TAIEX index [.TWII Unavailable () ] dropped 0.38 percent to 7,044 in the early hours of the session. In 2011, it shed 21 percent in its worst yearly performance since 2008.
TSMC, the world's top contact chip maker, slipped 0.92 percent, weighing on electronics, which fell 0.22 percent. Financials slipped 0.15 percent.
Taiwan holds presidential elections on Jan 14 in a vote that will determine whether the island deepens economic integration with mainland China or embarks on a period of more tense and possibly fractious cross-Strait relations. The Taiwan dollar weakened slightly to trade at T$30.298.
Foreign investors were net buyers on Friday, bringing their total buying to T$39.38 billion in December.
Several markets in the region remained closed for the new years holiday, including Australia, China, Hong Kong and Japan.
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2 ม.ค. 55 09:30:07
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