Seoul stocks down 0.11 pct in late morning

SEOUL, Sept. 21 (Yonhap) -- South Korean stocks traded 0.11 percent lower late
Monday morning on massive institutional selling.
The benchmark Korea Composite Stock Price Index (KOSPI) trimmed 1.85 points to
1,697.86 as of 11:20 a.m.
The broader index fluctuated between gains and losses in volatile trading as
institutional selling dragged down the market. Encouraged by South Korea's
inclusion in the Financial Times Stock Exchange (FTSE) advanced market category,
which was effective as of Monday, foreign investors continued their buying spree
for a 12th session.
The local currency was trading at 1,206.45 won to the U.S. dollar as of 11:20
a.m., up 1.635 won from Friday's close, as foreign investors scooped up local
shares.
ygkim@yna.co.kr
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