Published : 2013-10-31 11:53
Updated : 2013-10-31 11:53
South Korean stocks traded 0.66 percent lower late Thursday morning, as large-caps widened their losses led by airlines and shipbuilders, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) declined 13.68 points to 2,045.90 as of 11:20 a.m.
Korean Air Lines, the top air carrier, plunged more than 8 percent, a day after its announcement that it will provide liquidity worth 150 billion won ($141 million) to its troubled affiliate Hanjin Shipping.
Daewoo Shipbuilding & Marine Engineering tumbled more than 6 percent on a lackluster earnings outlook for the third quarter.
The local currency was changing hands at 1,059.45 won against the greenback as of 11:20 a.m., up 0.75 won from Wednesday's close. (Yonhap News)