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Seoul shares down 0.83 pct in late-morning trade

South Korean stocks traded 0.83 percent lower late Friday morning, dented by losses in large-cap shipyard and chemical companies, analysts said.

The benchmark Korea Composite Stock Price Index (KOSPI) fell 16.91 points to 2,029.78 as of 11:20 a.m.

Blue-chip shipyard and chemical makers lost ground. Hyundai Heavy Industries, the world's biggest shipyard, slumped more than 3 percent, with LG Chem dipping 2.6 percent.

But auto shares trended bullish. Hyundai Motor was up nearly 2 percent, with its auto parts-making affiliate Hyundai Mobis jumping 3 percent.

The local currency was changing hands at 1,062.70 won against the greenback as of 11:20 a.m., down 1.7 won from Thursday's close. (Yonhap News)



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