SEOUL: South Korean shares were nearly flat by midday on Monday, erasing earlier losses on optimism China will resume stimulus measures following poor activity in its manufacturing sector.
The Korea Composite Stock Price Index (KOSPI) was up 0.1 per cent at 2,030.15 points as of 0220 GMT, erasing earlier falls to 2,028.20.
The South Korean won dipped as investors remained cautious on anticipation of a US Federal Reserve rate hike in December.
The local currency was quoted at 1,142.5 to the dollar, compared with 1,140.1 at the end of onshore trade on Friday.
