[THE INVESTOR] South Korean shares traded lower late morning on Sept. 30, as financial stocks retreated amid concerns surrounding financial state of Deutsche Bank.

The benchmark KOSPI shed 16.4 points, or 0.79 percent, to 2,052.32 as of 11:20 a.m.

Large caps traded mixed with market kingpin Samsung Electronics adding 0.06 percent, and global chipmaker SK hynix up 1.62 percent.

KB Financial Group fell 0.26 percent and Shinhan Financial Group declined 0.74 percent

Top automaker Hyundai Motor fell 1.08 percent, and its smaller affiliate Kia Motors traded 1.86 percent lower.

Naver, the operator of the country’s top internet portal, fell 3.44 percent.

The local currency was trading at 1,103.50 won against the US dollar, down 5 won from the previous session’s close.


(theinvestor@heraldcorp.com)