The Korea Herald

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Seoul shares down 0.93 pct in late-morning trade

By 윤민식

Published : July 3, 2013 - 11:41

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South Korean stocks traded 0.93 percent lower late Wednesday morning as the Japanese yen resumed its downtrend, analysts said.

The benchmark Korea Composite Stock Price Index (KOSPI) shed 17.22 points to 1,837.80 as of 11:20 a.m.

Tech blue chips led the market decline, with leading Samsung Electronics losing 1.72 percent and its rival LG Electronics moving down 2.73 percent.

Builders also traded lower, with Hyundai Engineering & Construction falling 2.11 percent and Daewoo Engineering & Construction moving down 3.04 percent. Daelim Industrial declined 5.13 percent.

The local currency was changing hands at 1,140.55 won against the U.S. dollar, down 6.55 won from Tuesday's close. (Yonhap News)