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Seoul shares down 0.32 pct in late-morning trade

South Korean stocks traded 0.32 percent lower late Tuesday morning due to losses in techs and financial shares, analysts said.

The benchmark Korea Composite Stock Price Index (KOSPI) fell 6.58 points to 2,046.43 as of 11:20 a.m.

Tech shares lost ground, with market behemoth Samsung Electronics falling 1.64 percent and top chipmaker SK hynix losing 3.37 percent. Local handset maker LG Electronics also shed 0.99 percent.

Financial firms traded bearish, with Shinhan Financial decreasing 3.29 percent and KB Financial losing 0.92 percent. Hana Financial shed 1.66 percent and Woori Financial moved down 1.14 percent.

The local currency was changing hands at 1,062.20 won against the greenback as of 11:20 a.m., remaining unchanged from Monday's close. (Yonhap News)



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