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Seoul shares trade lower in late-morning trade

Seoul shares trade lower in late-morning trade

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Published : 2013-12-05 11:41
Updated : 2013-12-05 11:41

South Korean stocks traded 0.26 percent lower late Thursday morning on losses in shipbuilders and construction firms, analysts said.

The benchmark Korea Composite Stock Price Index (KOSPI) shed 5.22 points to 1,981.58 as of 11:20 a.m.

Shipbuilders traded bearish, with Hyundai Heavy Industries moving down 1.56 percent and Samsung Heavy Industries losing 1.05 percent. Daewoo Shipbuilding & Marine Engineering declined 2.49 percent.

Builders also continued to lose ground, with Hyundai Engineering & Construction moving down 1.13 percent and Daewoo Engineering & Construction decreasing 1.58 percent. Daelim Industrial remained unchanged.

The local currency was changing hands at 1,061.05 won against the greenback as of 11:20 a.m., down 0.55 won from Wednesday's close. (Yonhap News)

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