Seoul shares up 1.14 pct in late-morning trade
Published : 2013-10-11 11:53
Updated : 2013-10-11 11:53
South Korean stocks traded 1.14 percent higher late Friday morning, as blue-chip financial shares widened their gains, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) soared 22.86 points to 2,024.26 as of 11:20 a.m.
Shinhan Financial Group, the country's No. 4 banking firm, shot up 3.4 percent, with second-largest KB Financial Group surging 4.4 percent.
But some auto and telecom shares fell. Hyundai Motor-affiliated Kia Motors was down 0.5 percent, and SK Telecom, top mobile carrier, slipped 0.2 percent.
The local currency was changing hands at 1,070.35 won against the greenback as of 11:20 a.m., up 3.15 won from Thursday's close. (Yonhap News)