The Korea Herald

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Seoul shares down 0.57 pct in late-morning trade

By 윤민식

Published : Sept. 25, 2013 - 11:51

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South Korean stocks traded 0.57 percent lower late Wednesday morning due to losses in techs and financial shares, analysts said.

The benchmark Korea Composite Stock Price Index (KOSPI) fell 11.45 points to 1,995.65 as of 11:20 a.m.

Tech shares continued to traded lower, with top player Samsung Electronics falling 0.87 percent and leading chipmaker SK hynix losing 2.3 percent. LG Electronics, a local handset maker, shed 0.82 percent.

Financial firms also lost ground, with Samsung Life Insurance decreasing 0.48 percent and KB Financial falling 1.42 percent.

Samsung Fire & Marine Insurance also moved down 0.2 percent.

The local currency was changing hands at 1,076.05 won against the greenback as of 11:20 a.m., down 3.85 won from Tuesday's close. (Yonhap News)