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Seoul shares almost flat in late Tuesday morning on profit-taking

South Korean stocks traded almost flat late Tuesday morning on profit-taking, analysts said.

The benchmark Korea Composite Stock Price Index inched down 0.22 point, or 0.01 percent, to 2,380.18 as of 11:20 a.m.


On Monday (local time), US stocks declined, with the Dow Jones industrial average dropping 0.2 percent and the broad-based S&P 500 decreasing 0.2 percent. The tech-rich Nasdaq Composite Index tumbled 0.9 percent.

Most large caps traded mixed with market kingpin Samsung Electronics losing 1.42 percent and SK hynix, a major chipmaker, shedding 2.55 percent. SK Telecom soared 3.24 percent.

The local currency was trading at 1,136.6 won against the US dollar, down 4.8 won from the previous session's close. (Yonhap)
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