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South Korean stocks traded higher late Wednesday morning on gains in carmakers and insurers, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) gained 9.84 points to 1,876.20 as of 11:20 a.m.
Automakers led the market gain, with Hyundai Motor adding 1.17 percent and its affiliate Kia Motors climbing 1.02 percent. Top auto parts maker Hyundai Mobis gained 1.38 percent.
Insurance companies also traded higher, with Samsung Fire & Marine Insurance rising 1.42 percent and Hanwha Life Insurance moving up 2.54 percent. Hyundai Marine & Fire Insurance added 0.8 percent.
The local currency was changing hands at 1,116.60 won as of 11:20 a.m., up 1.40 won from Tuesday's close. (Yonhap News)
The benchmark Korea Composite Stock Price Index (KOSPI) gained 9.84 points to 1,876.20 as of 11:20 a.m.
Automakers led the market gain, with Hyundai Motor adding 1.17 percent and its affiliate Kia Motors climbing 1.02 percent. Top auto parts maker Hyundai Mobis gained 1.38 percent.
Insurance companies also traded higher, with Samsung Fire & Marine Insurance rising 1.42 percent and Hanwha Life Insurance moving up 2.54 percent. Hyundai Marine & Fire Insurance added 0.8 percent.
The local currency was changing hands at 1,116.60 won as of 11:20 a.m., up 1.40 won from Tuesday's close. (Yonhap News)
