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Seoul shares down 1.05 pct late Monday morning

All News 11:41 December 10, 2018

SEOUL, Dec. 10 (Yonhap) -- South Korean stocks traded lower late Monday morning as renewed concerns over global trade frictions and slowing economic growth hurt investor sentiment, analysts said.

The benchmark Korea Composite Stock Price Index lost 21.74 points, or 1.05 percent, to 2,054.02 as of 11:20 a.m.

After opening lower, the index had shown no signs of moving up on heavy foreign and institutional selling.

Most big-cap shares traded lower, with tech and bio shares under heavy downward pressure.

Market bellwether Samsung Electronics fell 1.47 percent, and major chipmaker SK hynix sank 2.54 percent.

Pharmaceutical giant Celltrion retreated 0.41 percent, and LG Chem tumbled 2.13 percent.

No. 1 carmaker Hyundai Motor decreased 1.35 percent, and top steelmaker POSCO dipped 3.01 percent.

The South Korean currency was trading at 1,123.00 won against the U.S. dollar, down 3.2 won from the previous session's close.


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