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Seoul shares flat in late morning trade on profit-taking

All News 11:36 June 08, 2016

SEOUL, June 8 (Yonhap) -- South Korean shares traded almost flat late Wednesday morning, as investors opted to lock in gains from the previous day's increase.

The benchmark Korea Composite Stock Price Index (KOSPI) gained 2.71 points, or 0.13 percent to 2,014.34.

Tech shares traded mixed, with market behemoth Samsung Electronics remaining unchanged from the previous session, while its smaller rival LG Electronics shed 1.66 percent.

No. 1 Hyundai Motor was down 0.36 percent while Kia Motors advanced 0.54 percent. Top auto parts maker Hyundai Mobis moved up 1.39 percent.

The South Korean won was trading at 1,1580.2 won against the U.S. dollar, up 4.5 won from the previous session's close.


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