SEOUL: South Korean stocks traded nearly flat late Wednesday morning as investors sat on the sidelines ahead of a rate-setting meeting of the U.S. Federal Reserve next week.
The benchmark Korea Composite Stock Price Index (KOSPI) gained 1.73 points, or 0.09 percent, to 1,950.56 as of 11:20 a.m.
Most shares traded in mixed territory.
Tech giant Samsung Electronics rose 0.55 percent, and LG Electronics jumped 1.93 percent.
In contrast, top automaker Hyundai Motor fell 0.33 percent, and Hyundai Mobis, its auto parts making unit, slipped 1.9 percent.
The local currency was changing hands at 1,179.2 won against the greenback as of 11:20 a.m., down 0.65 won from Tuesday’s close.
