Seoul shares shed early gains late Tuesday morning due to losses from carmakers and financial firms. The benchmark Korea Composite Stock Price Index (KOSPI) had added 0.6 points, or 0.02 percent, to 2,858.36 as of 11:20 a.m. Carmakers lost ground, with Hyundai Motors losing 3.36 percent and its smaller sister Kia losing 2.58 percent. Auto parts maker Hyundai Mobis shed 2.32 percent. Financial firms also traded lower, with KB Financial falling 3.11 percent and Shinhan Financial moving down 2.12 percent. Top tech giant Samsung Electronics, on the other hand, rose 0.57 percent, and No. 2 chipmaker SK hynix climbed 1.07 percent. Leading online search engine operator Naver added 0.18 percent, and its smaller rival Kakao gained 0.47 percent. The local currency was trading at 1,385.5 won against the U.S. dollar at 11:20 a.m., down 2.2 won from the previous session's close. Source: Yonhap News Agency
Myanmar Suspends Flights at Mandalay Airport Following Drone Strike
Mandalay: Myanmars second-busiest airport was closed for two days on Friday, security sources said, after the military-backed government accused pro-democracy rebels of attacking it with drones.
According to TRTworld.com, Mandalay