SEOUL: South Korean stocks traded 1.06 percent lower late Wednesday morning amid persistent concerns over poor corporate earnings for the second quarter, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) dropped 22.17 points to 2,061.45 as of 11:20 a.m.
Large caps were mostly trading in negative territory with Samsung Electronics and Hyundai Motor falling 1.98 percent and 2.63 percent, respectively.
In contrast, LG Electronics jumped 6.49 percent, and Cheil Industries moved up 1.17 percent.
The local currency was changing hands at 1,153 won against the greenback in Seoul as of 11:20 a.m., up 5.3 won from Tuesday’s close.
