South Korean shares traded slightly higher late Wednesday morning as institutional buyers scooped up big cap stocks amid a massive selling spree by foreigners.
The benchmark Korea Composite Stock Price Index inched up 1.73 points, or 0.07 percent, to 2,367.2 as of 11:20 a.m.
The index initially opened lower on losses in market heavyweights despite overnight Wall Street gains. However, the local index pared earlier losses as most market heavyweights turned higher.
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(Yonhap) |
Top cap Samsung Electronics advanced 1.23 percent after opening lower, and SK hynix, a leading memory chipmaker, moved up 2.68 percent to extend a fourth day winning streak.
The local currency was trading at 1,126.4 won against the US dollar as of 11:20 a.m., up 2.1 won from Tuesday's close. (Yonhap)
