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Seoul stocks down late Thursday morning

All News 11:31 January 11, 2018

SEOUL, Jan. 11 (Yonhap) -- South Korean stocks traded lower late Thursday morning as foreigners sold local stocks amid weakness in Wall Street weighing on investor sentiment.

The benchmark Korea Composite Stock Price Index (KOSPI) fell 9 points, or 0.36 percent, to 2,490.75 as of 11:20 a.m.

Foreigners remained net sellers as major U.S. indices retreated Wednesday on concerns that China would slow U.S. government bond purchases.

Tech shares were mixed. Top market cap Samsung Electronics decreased 0.7 percent, and SK hynix, a major chipmaker, edged up 0.41 percent.

Leading automaker Hyundai Motor fell 0.96 percent, and No. 1 chemical firm LG Chem gained 1.08 percent.

Steelmaker POSCO declined 1.34 percent, and Naver, the nation's biggest portal operator, shed 0.75 percent.

The local currency was trading at 1,070.1 won against the U.S. dollar, up 1.8 won from the previous session's close.


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