The Korea Herald

지나쌤

Seoul shares down on China shock

By KH디지털2

Published : Nov. 30, 2015 - 11:41

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South Korean stocks traded sharply lower late Monday morning as investors were spooked by a plunge in the Chinese market late last week.

The benchmark Korea Composite Stock Price Index dropped 31.05 points, or 1.53 percent, to 1,997.94 as of 11:20 a.m.

Most blue chips traded lower, with tech and brokerage companies among marked decliners.

Samsung Electronics fell nearly 3 percent, while panel maker LG Display lost 1.75 percent. Samsung Securities also shed 2.2 percent.

On Friday, the Shanghai Composite Index plunged over 5 percent following the revelation of insider trading involving large-sized brokerage companies.

The local currency was changing hands at 1,158.85 won against the greenback as of 11:20 a.m., down 5.85 won from Friday's close. (Yonhap)