Back To Top

Seoul shares down in late morning on tech losses

South Korean stocks traded lower late Tuesday morning as institutions and foreigners offloaded large-cap tech stocks in an apparent move to lock in profits, analysts said.

The benchmark Korea Composite Stock Price Index lost 4.09 points, or 0.17 percent, to 2,414.12 as of 11:20 a.m.

Most large caps traded mixed, with tech shares in negative terrain.

Market kingpin Samsung Electronics lost 0.57 percent, and SK hynix, a major chipmaker, was down 0.5 percent.

The local currency was trading at 1,130.5 won against the US dollar, 3.9 won lower than the previous session's close. (Yonhap)