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Seoul stocks down on foreign selling

All Headlines 11:30 December 01, 2017

SEOUL, Dec. 1 (Yonhap) -- South Korean shares traded lower late Friday morning on foreign and institutional selling.

The benchmark Korea Composite Stock Price Index shed 1.64 points, or 0.07 percent, to 2,474.73 as of 11:10 a.m.

The main index tracked overnight gains on Wall Street before turning lower on foreign and institutional selling. The Dow Jones industrial average rose 1.39 percent, with the tech-heavy Nasdaq composite index climbing 0.73 percent.

Park Chun-young, an analyst at Daishin Securities Co., said foreign and institutional selling weighed down the main index.

Large-cap stocks were experiencing mixed trading across the board.

Market bellwether Samsung Electronics Co. gained 0.31 percent, and No. 2 chipmaker SK hynix Inc. was up 0.91 percent.

Top automaker Hyundai Motor fell 1.52 percent, and top steelmaker POSCO was down 1.04 percent.

The local currency was trading at 1,088.50 won against the U.S. dollar, down 0.30 won from the previous session's close.

entropy@yna.co.kr
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