SEOUL, April 12 (Yonhap) -- South Korean stocks remained little changed late Monday morning, as investors took to the sidelines amid increased valuation pressure.
The benchmark Korea Composite Stock Price Index (KOSPI) rose 1.07 points, or 0.03 percent, to 3,132.95 points as of 11:20 a.m.
Stocks got off to a muted start after the KOSPI snapped its six-day gaining steak the previous session as valuation pressure increased ahead of the earnings report season.
In Seoul, market kingpin Samsung Electronics lost 0.36 percent, and No. 2 chipmaker SK hynix shed 1.79 percent.
Internet portal giant Naver moved up 0.26 percent, and leading carmaker Hyundai Motor declined 0.66 percent. Mobile messenger operator Kakao was suspended trading for share splitting.
Leading chemical maker LG Chem gained 0.99 percent, while top pharmaceutical firm Samsung Biologics edged down 0.13 percent.
Electric battery maker SK Innovation soared 14.29 percent after settling its legal dispute against LG Energy Solution in the United States.
The local currency was trading at 1,124.9 won to the U.S. dollar as of 11:20 a.m., down 3.7 won from the previous session's close.
(News Focus) Housing policy at risk of further losing credibility, public support
Short selling revisited on retail investors' increased sway
Legislation on compensating virus-hit small biz picks up steam
(News Focus) S. Korea drums up measures to revive consumption, create jobs next year amid pandemic
S. Korean companies bet big on hydrogen for zero-emission goal