SEOUL, July 8 (Yonhap) -- South Korean stocks dipped late Wednesday morning as investors grew wary of a delayed economic recovery and recent surge in novel coronavirus cases.
The benchmark Korea Composite Stock Price Index shed 8.90 points, or 0.41 percent, to 2,155.27 as of 11:20 a.m.
The index opened nearly flat following overnight losses on Wall Street. The Dow Jones Industrial Average fell 1.51 percent to 25,890.18, and the Nasdaq Composite dropped 0.86 percent, to 10,343.89.
In Seoul, large-cap stocks traded mixed.
Market behemoth Samsung Electronics slid 0.37 percent, while SK hynix, a major chipmaker, fell 1.30 percent.
Top automaker Hyundai Motor rose 0.81 percent, but leading chemical firm LG Chem dropped 0.97 percent.
Pharmaceutical giant Samsung Biologics plunged 2.93 percent, but its local rival Celltrion gained 0.49 percent.
The local currency was trading at 1,196.60 won against the U.S. dollar, down 0.90 won from the previous session's close.
BOK's rate cut in the offing, but 'when' still being debated
BOK again faces rate cut pressure on new coronavirus risk
BOK to keep policy rate steady amid signs of recovery
Wealth management service increasingly popular in S. Korea
BOK tipped to continue monetary easing, at least another rate cut in offing