Seoul shares down 0.42 pct late Wednesday morning
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11:36 November 14, 2018
SEOUL, Nov. 14 (Yonhap) -- South Korean stocks traded lower late Wednesday morning as foreign and institutional investors offloaded large-cap tech shares.
The benchmark Korea Composite Stock Price Index (KOSPI) shed 8.77 points, or 0.42 percent, to 2,062.46 as of 11:20 a.m.
Most large caps were experiencing mixed trading, with tech and steel shares generally in negative territory.
Market kingpin Samsung Electronics lost 1.21 percent, and SK hynix, a major chipmaker, was down 1.81 percent. Major steelmaker POSCO was down 3.31 percent.
The local currency was trading at 1,133.4 won against the U.S. dollar, 0.1 won lower than the previous session's close.
khj@yna.co.kr
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