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  • Korean shares down 0.22% in late morning trade
    Korean shares down 0.22% in late morning trade
    Korea shares traded 0.22 percent lower late Monday morning as institutions sought to lock in on their gains.The benchmark Korea Composite Stock Price Index (KOSPI) lost 4.39 points to 1,987.73 as of 11:20 a.m.The index opened a tad higher tracking gains on Wall Street last week, but pared earlier gains as institutions and foreign investors turned to selling.As of 11:20, institutional investors offloaded a net 105 bil...
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Korean shares down 0.22% in late morning trade

March 21, 2016 - 11:38 By KH디지털2

Korea shares traded 0.22 percent lower late Monday morning as institutions sought to lock in on their gains.

The benchmark Korea Composite Stock Price Index (KOSPI) lost 4.39 points to 1,987.73 as of 11:20 a.m.


The index opened a tad higher tracking gains on Wall Street last week, but pared earlier gains as institutions and foreign investors turned to selling.

As of 11:20, institutional investors offloaded a net 105 billion won ($90 million) while foreign investors sold a net 3.4 billion won. Individual investors scooped a net 57.9 billion won worth of shares.

Large market caps traded mixed with market bellwether Samsung Electronics shedding 0.63 percent.

Local industry leader Hyundai Motor spiked 1.33 percent while cosmetics giant AmorePacific plunged 1.65 percent.

The local currency was trading at 1,166.45 won against the U.S. dollar, down 3.95 won from Friday's close. (Yonhap)

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