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S. Korean shares down 0.17 pct in late morning trade

2016/02/23 11:29

SEOUL, Feb. 23 (Yonhap) -- South Korean shares traded 0.17 percent lower late Tuesday morning, paring their earlier gains in the face of foreign and institutional sell-offs.

The benchmark Korea Composite Stock Price Index (KOSPI) shed 3.21 points to 1,913.15 as of 11:20 a.m.

Market kingpin Samsung Electronics rose 0.51 percent.

Top oil refiner SK Innovation advanced 3.85 percent and S-Oil gained 2.65 percent.

In contrast, top automaker Hyundai Motor shed 0.34 percent, and its smaller affiliate Kia Motors declined 0.73 percent.

The local currency was changing hands at 1,230.90 won against the greenback, up 3.5 won from Monday's close.

Wall Street stocks rallied nearly 1.5 percent Monday, buoyed by gains in oil-related firms and tech companies.