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Seoul shares down 0.14 pct in late morning trade

Stocks 11:35 March 27, 2019

SEOUL, March 27 (Yonhap) -- South Korean stocks traded 0.14 percent lower late Wednesday morning due to losses by tech heavyweights.

The Korea Composite Stock Price Index (KOSPI) lost 2.91 points to trade at 2,145.89 as of 11:20 a.m.

Tech behemoth Samsung Electronics slid 0.11 percent following its gloomier-than-expected earnings outlook for the first quarter.

Naver, the country's largest portal operator, fell 1.98 percent, and runner-up Kakao retreated 0.48 percent.

Korean Air Lines, on the other hand, rose 2.16 percent as its shareholders voted against the reappointment of chief Cho Yang-ho as director of the board.

The Korean won was changing hands at 1,134.90 won against the U.S. dollar as of 11:20 a.m., down 1.50 won from the previous session's close.


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