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Seoul shares down 0.11 pct in late-morning trade

South Korean stocks traded 0.11 percent lower late Monday morning on losses in techs and autos, analysts said.

The benchmark Korea Composite Stock Price Index (KOSPI) shed 2.08 points to 1,853.65 as of 11:20 a.m.

Tech blue chips traded bearish, with top chipmaker SK hynix losing 7.29 percent and leading flat panel maker LG Display falling 1.63 percent. Samsung Electronics, however, edged up 0.68 percent.

Carmakers also lost ground, with No. 1 player Hyundai Motor falling 3.59 percent and its smaller affiliate Kia Motors moving down 5.32 percent. Top auto parts maker Hyundai Mobis shed 2.4 percent.

The local currency was changing hands at 1,134.70 won against the U.S. dollar, down 2.30 won from Monday's close. (Yonhap News)



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