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S. Korean stocks trade nearly flat late Wednesday morning

All News 11:25 July 12, 2017

SEOUL, July 12 (Yonhap) -- South Korean stocks traded nearly flat Wednesday morning as investors continued to take a breather from the previous session's record-breaking gain.

The benchmark Korea Composite Stock Price Index (KOSPI) fell 0.77 points, or 0.03 percent, to 2,395.23 as of 11:20 a.m.

Top steelmaker POSCO lost 0.49 percent, and Korea Zinc moved down 0.22 percent.

In contrast, carmakers continued to trade bullish, with industry leader Hyundai Motor increasing 1.69 percent and its sister Kia Motors rising 1.63 percent. Top auto parts maker Hyundai Mobis added 0.82 percent.

The local currency was trading at 1,145.65 won against the U.S. dollar, up 5.45 won from the previous session's close.


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