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[THE INVESTOR] South Korean stocks traded 0.4 percent lower late morning on July 28 despite concerns of a sudden rate hike in the United States after the latest Federal Open Market Committee meeting, analysts said.
The benchmark Korea Composite Stock Price Index edged down 8.16 points to 2,016.89 as of 11:20 a.m.
The overnight US central bank policy meeting held the key rate at the current level without elaborating on the details of the timing of a looming rate hike, expected to take place sometime soon.
Market kingpin Samsung Electronics shed 1.64 percent and major chipmaker SK hynix also inched down 0.45 percent.
Top automaker Hyundai Motor shed 0.73 percent and its smaller affiliate Kia Motors also edged down 0.58 percent.
The South Korean won was changing hands at 1,127.30 won against the greenback as of 11:20 a.m., up 6.90 won from the previous close.
(theinvestor@heraldcorp.com)
The benchmark Korea Composite Stock Price Index edged down 8.16 points to 2,016.89 as of 11:20 a.m.
The overnight US central bank policy meeting held the key rate at the current level without elaborating on the details of the timing of a looming rate hike, expected to take place sometime soon.
Market kingpin Samsung Electronics shed 1.64 percent and major chipmaker SK hynix also inched down 0.45 percent.
Top automaker Hyundai Motor shed 0.73 percent and its smaller affiliate Kia Motors also edged down 0.58 percent.
The South Korean won was changing hands at 1,127.30 won against the greenback as of 11:20 a.m., up 6.90 won from the previous close.
(theinvestor@heraldcorp.com)
