Published : 2013-08-16 11:49
Updated : 2013-08-16 11:49
South Korean stocks traded 0.47 percent lower late Friday morning due to losses in techs and brokerages, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) lost 9.08 points to 1,914.83 as of 11:20 a.m.
Tech shares continued to fall, with market behemoth Samsung Electronics losing 0.85 percent and its domestic rival LG Electronics decreasing 2.24 percent. Top chipmaker SK hynix shed 1.54 percent.
Brokerage houses also traded lower, with Samsung Securities losing 0.66 percent and KDB Daewoo Securities falling 1.03 percent.
Woori Investment & Securities shed 2.13 percent.
The local currency was changing hands at 1,115.75 won against the greenback as of 11:20 a.m., up 2.95 won from Wednesday's close.
The local financial markets were closed Thursday to celebrate Liberation Day, which commemorates Korea's independence from Japan's colonial rule. (Yonhap News)