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Seoul shares up 0.34 pct in late-morning trade


South Korean stocks traded 0.34 percent higher late Monday morning on gains in builders and logistics companies, analysts said.
   
The benchmark Korea Composite Stock Price Index (KOSPI) moved up 6.7 points to 1,972.41 as of 11:20 a.m.   

Builders led the market gain, with Hyundai Engineering & Construction adding 3.34 percent and Daewoo Engineering & Construction climbing 1.74 percent. GS Engineering & Construction moved up 2.57 percent.
  
Logistics firms also gathered ground, with CJ Korea Express increasing 0.45 percent and Hyundai Merchant Marine advancing 4.54 percent. Hanjin Shipping added 2.31 percent.
  
The local currency was changing hands at 1,092.75 won against the greenback, up 4.35 won from Friday's close. (Yonhap News)

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