Seoul shares up 0.31 percent in late-morning trade
Published : 2013-12-18 11:38
Updated : 2013-12-18 11:38
South Korean stocks traded 0.31 percent higher late Wednesday morning, driven by gains in financial firms and retailers, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) climbed 6.11 points to 1,971.85 as of 11:20 a.m.
Shinhan Financial Group, the biggest banking firm by market cap, soared nearly 3 percent, with leading supermarket chain E-mart hiking more than 3 percent.
Shares of IT companies fell. NAVER, the top Internet portal provider, dipped 3 percent, and NC Soft, a major online game developer, slid 1.3 percent.
The local currency was changing hands at 1,052.20 won against the greenback as of 11:20 a.m., down 1.1 won from Tuesday's close. (Yonhap News)