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S. Korean shares down in late morning trading

All News 11:25 June 03, 2016

SEOUL, June 3 (Yonhap) -- South Korean shares traded slightly lower late Friday morning, with cosmetics stocks and financial shares suffering losses.

The benchmark Korea Composite Stock Price Index (KOSPI) fell 3.20 points, or 0.16 percent, to 1,981.91 as of 11:20 a.m.

Large caps traded mixed with market kingpin Samsung Electronics rising 0.15 percent.

Samsung C&T, the de facto holding firm of the country's top conglomerate Samsung, rose 4.82 percent and top automaker Hyundai Motor remained unchanged.

In contrast, AmorePacific, the country's top cosmetics maker, shed 0.82 percent. Samsung SDS, an IT affiliate of Samsung Group, plunged 6.89 percent on news that it mulls the split of its logistics business division.

The local currency was trading at 1,186.65 won against the U.S. dollar, down 0.05 won from the previous session's close.


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