Seoul shares fall on battery losses

SEOUL: South Korean stocks traded 0.37 percent lower late Tuesday morning as big-cap battery shares lost ground, Yonhap News Agency reported. The benchmark Korea Composite Stock Price Index had fallen 10.23 points to 2,731.91 as of 11:20 am. Overnight, major U.S. stock indexes closed mixed, with the tech-heavy Nasdaq Composite up 0.7 percent to hit a record high on chip rally ahead of Nvidia's earnings release Wednesday (local time) and SandP 500 up 0.1 percent. The Dow Jones Industrial Average ended 0.5 percent lower. In Seoul, battery shares led the decline. The local currency was trading at 1,367.40 won against the US dollar, down 11.5 won from the previous session's close. Source: Emirates News Agency