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S. Korean stocks down on large cap losses

All Headlines 11:24 October 13, 2016

SEOUL, Oct. 13 (Yonhap) -- South Korean shares traded sharply lower late Thursday morning as institutions turned to selling after remaining net buyers for three consecutive sessions.

The benchmark Korea Composite Stock Price Index (KOSPI) lost 14.32 points, or 0.70 percent, to 2,019.41 as of 11:20 a.m.

Most large caps were in negative terrain.

Market bellwether Samsung Electronics advanced 1.30 percent, but local industry leader Hyundai Motor plunged 1.47 percent, with top portal operator Naver tumbling 3.01 percent.

Top life insurer Samsung Life retreated 0.95 percent, with leading chemicals producer LG Chemical slipping 2.11 percent.

The local currency was trading at 1,124.90 won against the U.S. dollar, down 1.30 won from the previous session's close.

bdk@yna.co.kr
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