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Seoul shares trade 0.28 pct down Monday morning

Stocks 11:43 March 11, 2019

SEOUL, March 11 (Yonhap) -- South Korean stocks traded lower Monday morning as investor sentiment remained subdued on lingering concerns over global economic slowdown.

The benchmark Korea Composite Stock Price Index fell 5.48 points, or 0.26 percent, to 2,131.86 as of 11:20 a.m.

The index opened higher, but fell into negative territory in late morning trading as both foreigners and institutions dumped local stocks.

Top cosmetic maker AmorePacific tumbled 5.06 percent, and No. 3 refiner S-Oil sank 5.24 percent.

Biopharmaceutical Celltrion shed 0.97 percent, and leading chemical firm LG Chem fell 1.37 percent.

In contrast, tech blue chips were in positive territory.

Market bellwether Samsung Electronics gained 0.46 percent, and chip maker SK hynix advanced 0.15 percent.

The local currency was trading at 1,133.7 won against the U.S. dollar, up 2.5 won from the previous session.


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