[THE INVESTOR]  South Korean shares traded lower late morning on Sept. 28, amid bleak outlooks on a deal on output reductions among OPEC nations.

The benchmark KOSPI shed 8.57 points, or 0.42 percent, to 2,054.25 as of 11:20 a.m.

Large caps traded mixed with market kingpin Samsung Electronics falling 0.45 percent and global chipmaker SK hynix up 1.09 percent.

Top automaker Hyundai Motor declined 1.77 percent, and its smaller affiliate Kia Motors traded 2.26 percent lower.

POSCO, the No. 1 steelmaker, inched up 0.22 percent.

Naver, the operator of the country’s top internet portal, rose 0.57 percent.

The local currency was trading at 1,095.60 won against the US dollar, up 0.9 won from the previous session’s close.

(theinvestor@heraldcorp.com)