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Seoul shares down 1.06 pct in late-morning trade
SEOUL, Aug. 7 (Yonhap) -- South Korean stocks fell 1.06 percent late Wednesday morning, as large-cap auto and tech firms widened losses, analysts said.

   The benchmark Korea Composite Stock Price Index (KOSPI) slid 20.14 points to 1,886.48 as of 11:20 a.m.

   Leading carmaker Hyundai Motor tumbled 3.4 percent and tech heavyweight Samsung Electronics dipped 2 percent.

   In contrast, domestic-focused stocks such as insurers and cosmetics companies gathered ground, with major player Samsung Fire & Marine Insurance rising nearly 1.8 percent.

   The local currency was changing hands at 1,117.30 won against the greenback, down 1.7 won from Tuesday's close.

   elly@yna.co.kr
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