Seoul shares down 0.8 pct in late-morning trade
Aug. 22, 2013
South Korean stocks traded 0.8 percent lower late Thursday morning, dented by losses in foodmakers and brokerage houses, analysts said. The benchmark Korea Composite Stock Price Index (KOSPI) fell 14.86 points to 1,852.60 as of 11:20 a.m.Major brokerage firm KDB Securities Co. dipped more than 2 percent, and CJ Cheiljedang, a food manufacturing giant, slumped 3.1 percent. In contrast, defensive shares gained, with state-run Korea Electric Power Corp. climbing 2 percent. The local currency was ch