BUSINESS

Seoul stocks trade higher late Thursday morning

By Yonhap
  • Published : Nov 9, 2017 - 12:00
  • Updated : Nov 9, 2017 - 12:00

South Korean stocks traded higher Thursday morning on the back of gains in shipbuilders and insurance shares.

The benchmark Korea Composite Stock Price Index rose 3.15 points, or 0.12 percent, to 2,555.55 as of 11:20 a.m.

(Yonhap)

Shipbuilders traded higher, with industry leader Hyundai Heavy Industries rising 0.61 percent and Samsung Heavy Industries adding 3.11 percent.

Samsung Life Insurance, the top life insurer, advanced 1.14 percent and Samsung Fire & Marine Insurance increased 0.19 percent.

The local currency was trading at 1,113.35 won against the U.S. dollar, up 2.25 won from the previous session's close. (Yonhap)