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S. Korean shares trade up in late morning trading

All News 11:23 February 06, 2017

SEOUL, Feb. 6 (Yonhap) -- South Korean shares traded higher late Monday morning, but pared earlier gains due to a sell-off by foreign and institutional investors.

The benchmark Korea Composite Stock Price Index (KOSPI) rose 4.93 points, or 0.24 percent, to 2,078.09 as of 11:20 a.m.

Large caps traded mixed with market kingpin Samsung Electronics falling 0.51 percent, and global chipmaker SK hynix up 0.37 percent.

Top automaker Hyundai Motor fell 0.73 percent, and its smaller affiliate Kia Motors traded 0.83 percent lower.

POSCO, the No.1 steelmaker, shed 1.32 percent.

Naver, the operator of the country's top Internet portal, rose 0.39 percent.

The local currency was trading at 1,137.70 won against the U.S. dollar, up 9.9 won from the previous session's close.

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