The Korea Herald

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Seoul shares up 0.15 pct in late-morning trade

By 윤민식

Published : May 24, 2013 - 11:31

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South Korean stocks traded 0.15 percent higher late Friday morning on gains in autos and constructions, analysts said.

The benchmark Korea Composite Stock Price Index (KOSPI) moved up 3.05 points to 1,972.24 as of 11:20 a.m.

Carmakers continued to trade higher on eased concerns over the weak yen, with Hyundai Motor rising 0.99 percent and Kia Motors adding 1.22 percent. Top auto parts maker Hyundai Mobis gained 1.61 percent.

Builders also gathered ground, with Hyundai Engineering & Construction adding 0.82 percent and Daelim Industrial advancing

1.26 percent. GS Construction & Engineering increased 0.3 percent.

The local currency was changing hands at 1,127.30 won against the greenback, up 1.40 won from Thursday's close. (Yonhap News)