SEOUL: South Korean stocks traded almost unchanged late Thursday morning as a fall in utilities capped the main index’s gain led by bullish logistics companies, analysts said.
After a strong start, the benchmark Korea Composite Stock Price Index (KOSPI) edged down 1.62 points, or 0.08 percent, to 2,004.22 as of 11:20 a.m.
Hyundai Glovis, the logistics unit of Hyundai Motor, hiked more than 3 percent, while state-run electricity provider Korea Electric Power Corp. continued its bearish mode, dropping 1.5 percent.
Market bellwether Samsung Electronics extended its gains, adding 0.8 percent. Top cosmetics firm Amore Pacific, in contrast, dipped around 2 percent.
The local currency was changing hands at 1,161.00 won against the greenback as of 11:20 a.m., up 0.3 won from Wednesday’s close.
