SEOUL: South Korean stocks traded almost flat late Monday morning as top blue-chip stocks remained mixed following 2014 earnings announcements, analysts said.
The Korea Composite Stock Price Index (KOSPI) edged up 0.58 point, or 0.03 percent, to 1,949.84 as of 11:20 a.m.
Tech shares traded bearish, with Samsung Electronics remaining unchanged while SK hynix shed 2.2 percent. LG Display and LG Electronics plunged 2.22 percent and 0.66 percent, respectively.
Shipbuilders, in contrast, gained ground, with Hyundai Heavy Industries moving up 4.87 percent and Daewoo Shipbuilding & Marine Engineering rising 2.82 percent. Samsung Heavy Industries also gained 1.96 percent.
The local currency was changing hands at 1,110.10 won against the greenback as of 11:20 a.m., down 6.60 won from Friday’s close.
