Seoul shares edge up 0.1 pct in late-morning trade

South Korean stocks traded 0.1 percent higher late Wednesday morning, buoyed by gains in mobile carriers and technology firms, analysts said.

The benchmark Korea Composite Stock Price Index (KOSPI) inched up 1.94 points to 1,940.12 as of 11:20 a.m.

Mobile carriers led the market gain, with leading SK Telecom increasing 3.44 percent and No. 2 player KT moving up 2.11 percent.

No. 3 player LG Uplus climbed 2.87 percent.

Tech blue chips also continued to trade higher, with market behemoth Samsung Electronics moving up 0.14 percent, and its smaller local rival LG Electronics climbing 0.86 percent. Top chipmaker SK hynix advanced 3.16 percent.

The local currency was trading hands at 1089.70 won to the greenback as of 11:20 a.m., down 2.70 won from Tuesday's close. (Yonhap News)