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Seoul shares up 0.18 pct in late-morning trade

South Korean stocks traded 0.18 percent higher late Thursday morning, led by gains in tech large-caps and textile firms, analysts said.

The benchmark Korea Composite Stock Price Index (KOSPI) added 3.49 points to 1,967.05 as of 11:20 a.m.

LG Electronics, South Korea's major home appliance maker, climbed 1.2 percent, with leading apparel firm LG Fashion soaring more than 2 percent.

In contrast, shares of banking groups lost ground. No. 4 player Shinhan Financial fell 1.2 percent and its rival KB Financial slid 1.7 percent.

The local currency was changing hands at 1,067.25 won against the greenback as of 11:20 a.m., up 5.35 won from Wednesday's close. (Yonhap News)



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