[THE INVESTOR] South Korean shares dropped late morning on June 24 as the result of the British referendum on the European Union membership became opaque.
The benchmark Korea Composite Stock Price Index fell down 11.55 points, or 0.58 percent, to 1,975.16 as of 11:20 a.m.
One of the recent polls conducted after the vote ended at 6 a.m. on June 24 (Korean time) suggested voter sentiment leaning toward “remaining.”
However, early voting results indicated a tight race so investors are expected to wait and watch until the final voting outcome is announced around 3 p.m. June 24.
Top automaker Hyundai Motor dropped 0.35 percent, state-run utility Korea Electric Power Corp. fell 0.68 percent, and cosmetics giant AmorePacific tumbled 0.12 percent.
Blue chip Samsung Electronics hiked 0.77 percent and No.1 mobile carrier SK Telecom climbed 0.48 percent.
The local currency was changing hands at 1,155.65 won against the US dollar, down 5.45 won from the previous session‘s close.
(
theinvestor@heraldcorp.com)