Seoul shares down 0.93 pct in late morning

SEOUL, Sept. 28 (Yonhap) -- South Korean stocks traded 0.93 percent lower late
Monday morning, as large-cap steel and auto shares lost ground on foreign and
institutional sell-offs, analysts said.

The benchmark Korea Composite Stock Price Index (KOSPI) lost 15.75 points to
1,675.73 as of 11:20 a.m.
Most large-cap market leaders traded in negative territory, extending the KOSPI's
losing streak for a fourth day. Top steel maker POSCO sank more than 2 percent
and leading automaker Hyundai Motor Co. lost more than 1 percent.
The local currency was trading at 1,193.85 won to the U.S. dollar as of 11:20
a.m., down 7.75 won from Friday's close.
ylee@yna.co.kr
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