Seoul shares narrow losses late Thurs. morning amid inflation woes

SEOUL, Oct. 1 (Yonhap) -- The South Korean stock market experienced a brief recovery late Thursday morning, despite ongoing inflation concerns. The Korea Composite Stock Price Index (KOSPI) rose 0.04 percent to 6,804.92 by 11:20 a.m., following a 0.34 percent decline at market open. This came after a mixed performance on Wall Street, with U.S. Treasury yields continuing to put downward pressure on investor sentiment.

Elevated oil prices and lower-than-anticipated inflation data also contributed to the uncertainty. In the tech sector, Samsung Electronics and SK hynix saw slight gains, while SK Square and Samsung Electro-Mechanics experienced small declines. The Korean won depreciated slightly against the U.S. dollar, closing at 1,360.1 won.