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Korean shares edge up in late morning trading

South Korean shares traded slightly higher late Tuesday morning, with sentiment improved as OPEC hinted at taking actions next month to increase oil prices.

The benchmark Korea Composite Stock Price Index rose 4.85 points, or 0.24 percent, to 2,035.97 as of 11:20 a.m.


Large caps traded mixed with market kingpin Samsung Electronics shedding 0.57 percent, and global chipmaker SK hynix up 0.29 percent.

Top carmaker Hyundai Motor gained 1.88 percent and its affiliate Kia Motors rose 1.34 percent.

AmorePacific, the largest cosmetics maker, fell 0.66 percent.

Naver, the operator of the country's top Internet portal, rose 1.07 percent.

The local currency was trading at 1,108.70 won against the U.S. dollar, down 0.2 won from the previous session's close. (Yonhap)
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