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Seoul shares up 1.66 pct in late-morning trade

South Korean stocks traded 1.66 percent higher late Friday morning on the back of gains in techs and carmakers, analysts said.

The benchmark Korea Composite Stock Price Index (KOSPI) gained 32.57 points to 2,000.13 as of 11:20 a.m.

Tech shares gathered ground, with the No. 1 industry player Samsung Electronics adding 1.83 percent and top chipmaker SK hynix climbing 4.02 percent. Flat panel maker LG Display gained 1.29 percent.

Carmakers also traded higher, with No. 1 Hyundai Motor rising 2.88 percent and its smaller affiliate Kia Motors losing 1.98 percent. Top auto parts maker Hyundai Mobis shed 1.71 percent.

The local currency was changing hands at 1,067.55 won against the greenback as of 11:20 a.m., up 0.35 won from Thursday's close. (Yonhap News)



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