[
THE INVESTOR] South Korean stocks traded lower late morning on Sept. 8, as investors attempted to cash in recent gains.
The benchmark KOSPI fell 6.7 points, or 0.32 percent, to 2,055.18 as of 11:20 a.m.
US stocks closed mixed on Sept. 7, with the tech-laden NASDAQ Composite reaching a new record high, while the Dow Jones industrial average edged down.
Top market cap Samsung Electronics rose 0.25 percent, and major chipmaker SK hynix was up 1.45 percent.
Naver, the country’s top portal operator, shed 2.29 percent.
Hyundai Motor, the country’s top automaker, fell 1.44 percent while its smaller affiliate Kia Motors rose 1.17 percent.
The South Korean won was trading at 1,091.30 won against the US greenback, down 1.3 won from the previous session’s close.
(
theinvestor@heraldcorp.com)
