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Seoul shares down in late morning trading

2018/03/14 11:41

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SEOUL, March 14 (Yonhap) -- South Korean stocks traded 0.59 percent lower late Wednesday morning on net sell-off by foreigners and institutions.

The benchmark Korea Composite Stock Price Index (KOSPI) fell 14.63 points to 2,479.86 as of 11:20 a.m.

Foreigners turned to net sellers to dump a net 75.3 billion won (US$70.7 million) worth of local shares, followed by institutional investors who offloaded a net 73.5 billion won.

Market bellwether Samsung Electronics dipped 0.19 percent and its smaller rival LG Electronics dropped 0.44 percent.

Bank shares were also bearish, with leading KB Financial Group sliding 1.29 percent and Hana Financial Group retreating 1.38 percent.

The local currency was trading at 1,065.35 won against the U.S. dollar, up 2.15 won from the previous session's close.