[THE INVESTOR] Britain’s possible exit from the European Union weighed on the Korean stock market with shares trading in negative territory late morning on June 23.
The benchmark Korea Composite Stock Price Index fell 9.82 points, or 0.49 percent, to 1,982.88 as of 11:20 a.m.
The British referendum on maintaining the EU membership remains too close to call. The voting results are to be announced around 3 p.m. Friday (Korean time), analysts said.
Market top cap Samsung Electronics declined 1.1 percent, and state-run electric provider Korea Electric Power Corp. fell 0.84 percent.
Refiner giant SK Innovation fell 1.71 percent.
Putting a halt to further declines in the main index, automaker Hyundai Motor rose 0.36 percent and leading mobile carrier SK Telecom hiked 0.48 percent.
The local currency was changing hands at 1,151.35 won against the US dollar, up 3.05 won from the previous session’s close.
(
theinvestor@heraldcorp.com)
