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Seoul shares turn lower in late morning trading

All Headlines 11:29 December 11, 2017

SEOUL, Dec. 11 (Yonhap) -- South Korean stocks turned lower late Monday morning as foreigners continued to sell local stocks on profit-taking.

The benchmark Korea Composite Stock Price Index (KOSPI) fell 4.10 points, or 0.17 percent, to 2,459.90 as of 11:20 a.m. The main index opened up 3.81 points at 2,467.81.

Foreigners continued to offload domestic stocks for a fourth consecutive session, selling 64.79 billion won (US$59 million) stocks. Institutions and individuals bought a combined 44 billion won shares.

Large cap stocks declined across the board.

Market bellwether Samsung Electronics Co. fell 0.77 percent, and No. 2 chipmaker SK hynix Inc. shed 0.51 percent. Top carmaker Hyundai Motor Co. plunged 4.42 percent.

Domestic plays traded in positive territory, keeping the KOSPI index from falling further. Cosmetics giant AmorePacific Corp. rose 1.10 percent, and dominant tobacco company KT&G Corp. advanced 2.59 percent.

The local currency was trading at 1,093.70 won against the U.S. dollar, down 0.40 won from the previous session's close.

kyongae.choi@yna.co.kr
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