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Seoul shares open lower on tech, insurance losses

South Korean stocks opened lower on Wednesday, mainly due to losses from technology and insurance shares. The benchmark Korea Composite Stock Price Index shed 13.59 points, or 0.5 percent, to 2,710.59 in the first 15 minutes of trading. Top tech giant Samsung Electronics slid 1.28 percent, and LG Electronics shed 0.62 percent to 95,900 won. Insurance firms were among major losers as well, with Samsung Life Insurance .

Allianz: Hardly any more ships sinking - but the danger from pirates is growing

The number of shipwrecks worldwide has fallen to a record low, according to figures from Allianz. Last year, only 26 large ships sank worldwide. That was a good third fewer than in the previous year,.

Report: Far fewer ships sank, but growing numbers of pirate attacks

Report: Far fewer ships sank, but growing numbers of pirate attacks
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