Seoul stocks down late Wednesday morning
SEOUL, Jan. 15 (Yonhap) -- South Korean stocks traded lower Wednesday morning, led by losses in tech stocks and other market heavyweights, on news that an interim Sino-American trade deal does not remove tariffs on Chinese goods.
The benchmark Korea Composite Stock Price Index (KOSPI) fell 7.58 points, or 0.34 percent, to reach 2,231.3 as of 11:20 a.m.
U.S. tariffs on Chinese goods will remain in place even under the Phase 1 deal, according to reports. The world's two largest economies are set to sign the deal in Washington later in the day.
In Seoul, most large-cap stocks traded lower.
Market kingpin Samsung Electronics lost 1.17 percent, and major chipmaker SK hynix decreased 1.79 percent. Top portal operator Naver was down 0.52 percent.
The local currency was trading at 1,158.9 won against the U.S. dollar, down 2.8 won from Tuesday's close.
khj@yna.co.kr
(END)
-
(News Focus) Display, electronics makers dealt blow by COVID-19 lockdowns in China
-
BTS to meet Biden at White House to discuss anti-Asian hate crimes
-
(URGENT) Russian, Chinese warplanes enter S. Korea's air defense zone without notice: JCS
-
Multiple Russian, Chinese warplanes enter KADIZ without notice: JCS
-
Premier League Golden Boot winner Son Heung-min receives hero's welcome home
-
(LEAD) Multiple Russian, Chinese warplanes enter KADIZ without notice: JCS
-
(News Focus) Display, electronics makers dealt blow by COVID-19 lockdowns in China
-
With historic Golden Boot, Son Heung-min cements case as greatest S. Korean footballer ever
-
(URGENT) Russian, Chinese warplanes enter S. Korea's air defense zone without notice: JCS
-
(LEAD) Supreme Court rules against peak wage system
-
Supreme Court orders life sentence for man convicted of raping, killing 20-month-old baby
-
Former rhythmic gymnast Son Yeon-jae to wed in August
-
Seoul to resume late-night subway service starting next month
-
(LEAD) N. Korea's new fever cases fall below 100,000: official data
-
(LEAD) S. Korea's new COVID-19 cases below 20,000 for 3rd day as pandemic slows down