S. Korean stocks traded lower on foreign, institutional selling
SEOUL, April 1 (Yonhap) -- South Korean shares traded lower late Friday morning as tech, auto and other major issues lost ground amid foreign and institutional selling.
The benchmark Korea Composite Stock Price Index lost 11.08 points, or 0.56 percent, to 1,984.77 as of 11:20 a.m.
Foreigners remained a drag on the market, with their net sales coming to around 140 billion won (US$122.3 million). Institutions also turned net sellers as they locked in profits from recent gains.
Most large caps traded bearish.
Market bellwether Samsung Electronics fell 1.3 percent, while auto giant Hyundai Motor and car parts maker Hyundai Mobis shed 2.3 percent and 4 percent. No. 1 steel producer POSCO also lost 2 percent.
KB Financial was a marked gainer among blue chips. Its shares traded 1.26 percent higher after the company was earlier picked as the preferred bidder for a controlling stake in Hyundai Securities.
The local currency was trading at 1,148.45 won against the U.S. dollar, down 4.95 won from Thursday's close.
kokobj@yna.co.kr
(END)
-
(Yonhap Interview) Fintech startup AIM aims to bring professional wealth services to ordinary investors
-
N.K. leader declares victory in fight against COVID-19: state media
-
N. Korea appears to release border dam water without prior notice: official
-
7 dead, 6 missing in heaviest rainfall in 80 years
-
(2nd LD) 7 dead, 6 missing in heaviest rainfall in 80 years
-
(Yonhap Interview) Fintech startup AIM aims to bring professional wealth services to ordinary investors
-
7 dead, 6 missing in heaviest rainfall in 80 years
-
(5th LD) 8 dead, 7 missing in record rainfall in Seoul, surrounding areas
-
N. Korea appears to release border dam water without prior notice: official
-
(LEAD) 7 dead, 6 missing in heaviest rainfall in 80 years
-
Heavy rain-caused deaths this week rise to 14; 5 go missing
-
(LEAD) Suspended ruling party chief again cries foul over leadership switch
-
(LEAD) Ex-presidential candidate Lee wins more rounds of voting for new DP leadership
-
(LEAD) N. Korea hits out at U.N. chief over remarks on denuclearization
-
(LEAD) New COVID-19 cases down for 4th day; critical cases at over 3-month high