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)
-
BTS member Jimin's 'hanbok' suit up for auction
-
BTS enters Billboard Hot 100 with new Japanese single
-
'Dynamite' becomes 3rd BTS video to top 1 bln views
-
S. Korea, U.S. authorities assess N.K. has completed building new 3,000-ton submarine: sources
-
BTS to stream concerts in weekend Bang Bang Con event
-
BTS member Jimin's 'hanbok' suit up for auction
-
BTS enters Billboard Hot 100 with new Japanese single
-
BTS to stream concerts in weekend Bang Bang Con event
-
(LEAD) Seoul mayor pushes for introduction of self-testing kits, extending hours for small businesses
-
BLACKPINK amasses 60 mln subscribers on YouTube: agency
-
Citibank to exit retail banking in 13 markets including S. Korea
-
Nomination of new USFK chief returned to president: U.S. Congress
-
(LEAD) New virus cases in 600s for 2nd day, virus battle at inflection point
-
Yellow dust storm from China, Mongolia heading towards Korea
-
(5th LD) Kim Boo-kyum, former four-term lawmaker, nominated as S. Korea's new prime minister