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Seoul shares up 0.7 pct in late-morning trade

Seoul shares up 0.7 pct in late-morning trade

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Published : 2013-12-17 11:38
Updated : 2013-12-17 11:38

South Korean stocks traded 0.7 percent higher late Tuesday morning, as blue-chip shipyards and shipping firms widened gains, analysts said.

The benchmark Korea Composite Stock Price Index (KOSPI) advanced 13.56 points to 1,974.71 as of 11:20 a.m.

Hyundai Heavy Industries, the world's largest shipyard, soared nearly 4 percent, with Hyundai Merchant Marine, a major shipping line, rising more than 2 percent.

In contrast, state-run companies and builders lost ground.

Korea Gas tumbled over 6 percent, and Daewoo Engineering & Construction plunged 8 percent.

The local currency was changing hands at 1,051.75 won against the greenback as of 11:20 a.m., down 0.25 won from Monday's close (Yonhap News)

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