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Seoul shares up 1.04 pct in late-morning trade

South Korean stocks traded 1.04 percent higher late Tuesday morning, fueled by gains in large-cap tech and financial firms, analysts said.

The benchmark Korea Composite Stock Price Index (KOSPI) soared 19.57 points to 1,899.92 as of 11:20 a.m.

Top-cap Samsung Electronics jumped 2.2 percent, with No. 4 lender Shinhan Financial Group surging 3.7 percent. LG Electronics shot up 4.3 percent.

But auto shares lost ground. Hyundai Motor and its smaller affiliate Kia Motors fell more than 1 percent and 0.6 percent each.

The local currency was changing hands at 1,116.00 won against the greenback as of 11:20 a.m., up 2.9 won from Monday's close. (Yonhap News)



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