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Seoul stocks down late Tuesday morning

All Headlines 11:32 June 05, 2018

SEOUL, June 5 (Yonhap) -- South Korean stocks traded lower Tuesday morning, as investors sold off stocks to lock in profits.

The benchmark Korea Composite Stock Price Index (KOSPI) shed 6.15 points, or 0.25 percent, to 2,441.61 as of 11:20 a.m.

Local shares were seeing bearish trade as foreigners and institutions turned to net sellers.

Tech shares had mixed fortunes, with market bellwether Samsung Electronics edging down 0.98 percent, and chip giant SK hynix rising 1.22 percent.

Auto shares were down. Top automaker Hyundai Motor retreated 0.7 percent, and its subsidiary Kia Motors fell 1.48 percent.

Train manufacturer Hyundai Rotem dipped 8.51 percent to take a breather from a strong rally.

Casino shares rallied after local media reported that North Korean leader Kim Jong-un has asked for U.S. investment in a casino in Wonsan on the North's eastern coast.

The state-run casino operator Grand Korea Leisure jumped 7.64 percent, and its smaller rival Paradise Group vaulted 7.69 percent.

The local currency was trading at 1,068.5 won against the U.S. dollar, up 3.4 won from the previous session's close.

ejkim@yna.co.kr
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