The Korea Herald

피터빈트

Seoul shares up 0.89 pct in late-morning trade

By KH디지털1

Published : March 19, 2013 - 13:40

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South Korean stocks traded 0.89 percent higher late Tuesday morning on gains in techs and retailers, analysts said.

The benchmark Korea Composite Stock Price Index (KOSPI) rose

17.61 points to 1,985.79 as of 11:20 a.m.

Tech blue chips continued to gather ground, with market behemoth Samsung Electronics rising 2.56 percent and top flat panel manufacturer LG Display adding 1.72 percent. Top chipmaker SK hynix advanced 0.7 percent.

Retailers also traded higher, with Samsung C&T advancing 4.18 percent and discount store chain E-Mart adding 0.47 percent. Daewoo International, a leading South Korean trading company, moved up 1.55 percent.

The local currency was trading at 1,110.15 won against the U.S.

dollar as of 11:20 a.m., up 4.45 won from Monday's close. (Yonhap News)