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Seoul shares down 0.3% in late morning trade

Dec. 29, 2015 - 13:32 By KH디지털2
South Korean stocks traded 0.3 percent lower late Tuesday morning as institutional and foreign investors trimmed their holdings.

The benchmark Korea Composite Stock Price Index lost 5.89 points to 1,958.17 as of 11:20 a.m.

Tech giant Samsung Electronics was among marked decliners, trading down 1.73 percent. Bank and insurance companies also weighed on the market.

SK Group shares traded bearish after media reports over its chairman's plan to divorce his long-estranged wife. SK Telecom plunged 5 percent.

The local currency was changing hands at 1,168.05 won against the greenback as of 11:20 a.m., down 2.65 won from Monday's close. (Yonhap)