The Korea Herald

피터빈트

Seoul shares down 0.54 pct in late-morning trade

By 윤민식

Published : Nov. 20, 2013 - 11:49

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South Korean stocks traded 0.54 percent lower late Wednesday morning due mainly to losses in technology firms and carmakers, analysts said.

The benchmark Korea Composite Stock Price Index (KOSPI) moved down 11.02 points to 2,020.62 as of 11:20 a.m.

Tech shares traded lower, with Samsung Electronics falling 0.81 percent and SK hynix losing 1.79 percent. Samsung Electro-Mechanics, an industrial parts maker, shed 1.04 percent.

Carmakers also traded bearish, with No. 1 player Hyundai Motor decreasing 1.74 percent and its smaller affiliate Kia Motors edging down 2.07 percent. Auto-parts maker Hyundai Mobis declined 1.79 percent.

The local currency was changing hands at 1,056.05 won against the greenback as of 11:20 a.m., up 0.35 won from Tuesday's close. (Yonhap News)