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S. Korean shares fall slightly in late morning trade

All News 11:38 April 11, 2016

SEOUL, April 11 (Yonhap) -- South Korean shares fell slightly late Thursday morning, as investors stuck to a cautious stance.

The benchmark Korea Composite Stock Price Index (KOSPI) lost 5.02 points, or 0.25 percent, to 1,967.03 as of 11:20 a.m.

Top player Samsung Electronics gained 0.24 percent, while Hyundai Motor lost 0.34 percent.

State-run Korea Electric Power Corp. dropped 1.02 percent and steelmaker POSCO up 0.65 percent.

Market watchers expect the KOSPI to repeat going up and down in a narrow band, affected by oil prices, fresh corporate earning data and key economic indices abroad.

"The stock mark will remain in a tight range due to a valuation burden," Kim Byoung-yon, an analyst at NH Investment & Securities Co. said.

Traders will also keep close tabs on the results of the G20 finance ministers and central bank governors meeting to be held later this week in Washington.

South Korea's won was quoted at 1,151.15 against the U.S. dollar as of 11:20 a.m., up 2.65 won from the previous session's close.


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