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S. Korean shares down in late morning trading

All News 11:26 September 30, 2016

SEOUL, Sept. 30 (Yonhap) -- South Korean shares traded lower late Friday morning as financial stocks retreated over mounting worries about the financial health of German banking giant Deutsche Bank.

The benchmark Korea Composite Stock Price Index (KOSPI) shed 16.4 points, or 0.79 percent, to 2,052.32 as of 11:20 a.m.

Large caps traded mixed with market kingpin Samsung Electronics adding 0.06 percent, and global chipmaker SK hynix up 1.62 percent.

KB Financial Group fell 0.26 percent and Shinhan Financial Group declined 0.74 percent

Top automaker Hyundai Motor fell 1.08 percent, and its smaller affiliate Kia Motors traded 1.86 percent lower.

Naver, the operator of the country's top Internet portal, fell 3.44 percent.

The local currency was trading at 1,103.50 won against the U.S. dollar, down 5 won from the previous session's close.
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