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Seoul shares up 0.13 pct in late-morning trade

South Korean stocks traded 0.13 percent higher late Thursday morning, buoyed by gains in steelmakers and tech shares, analysts said.

The benchmark Korea Composite Stock Price Index (KOSPI) rose 2.51 points to 1,978.58 as of 11:20 a.m.

Leading steelmaker POSCO moved up 1.3 percent, with tech behemoth Samsung Electronics rising 0.07 percent.

But telecom shares continued to trend downward from the previous session, with top mobile carrier SK Telecom dipping 1.7 percent.

The local currency was changing hands at 1,084.65 won against the greenback as of 11:20 a.m., up 2.6 won from Wednesday's close.(Yonhap News)
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