Seoul shares down 0.04 pct in late-morning trade

South Korean stocks traded 0.04 percent lower late Wednesday morning, dented by tech and IT blue-chips, analysts said.

The benchmark Korea Composite Stock Price Index (KOSPI) slid 0.83 points to 2,040.13 as of 11:20 a.m.

Samsung Electronics lost 0.48 percent, with NAVER Corp, the top Internet portal service provider, dipping nearly 3.5 percent.

However, autos and financial stocks trended higher. Hyundai Motor rose 0.8 percent and KB Financial Group gained 4 percent.

The local currency was changing hands at 1,067.55 won against the greenback as of 11:20 a.m., down 0.75 won from Tuesday's close. (Yonhap News)