SEOUL: South Korean stocks inch down 0.06% by break, KOSPI drops 1.16ptsSEOUL: South Korean stocks inched down 0.06 percent late Monday morning as investors stood on the sidelines amid heightened uncertainties of a looming interest rate hike in the United States.
The benchmark Korea Composite Stock Price Index (KOSPI) slipped 1.16 points to 1,884 as of 11:20 a.m.
Market bellwether Samsung Electronics dropped 1.77 percent, and top chipmaker SK hynix also withdrew 0.57 percent.
Carmakers were trading in positive terrain, with Hyundai Motor climbing 1.67 percent and its sister affiliate, Kia Motors, adding 1.84 percent. Auto parts maker Hyundai Mobis also gained 1.47 percent.
The local currency was changing hands at 1,199.95 won against the greenback as of 11:20 a.m., down 6.55 won from Friday’s close.
