Seoul stocks seen lower amid earnings caution

Newswire

SEOUL, Oct 27 (Reuters) - South Korean shares are set to open lower on Thursday, hit by a weaker Wall Street and caution ahead of quarterly earnings from market heavyweights Hyundai Motor and SK Telecom due later in the day. Shares in Hynix Semiconductor Inc. , the world's second-biggest memory chip maker, are expected to gain with investors seen relieved by the removal of share overhang concerns following creditors' sale of a 23.4 percent stake late on Wednesday. See [ID:nSEO331804] for ...

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