SEOUL: South Korean stocks traded higher late Tuesday morning ahead of the announcement of the US inflation data as well as the Federal Reserves rate-setting meeting, Yonhap News Agency reported.
The benchmark Korea Composite Stock Price Index (KOSPI) had added 8.84 points, or 0.35 percent, to 2,534.20 as of 11:20 am.
Top tech giant Samsung Electronics moved up 0.41 percent, and No. 2 chipmaker SK hynix added 1.63 percent.
Leading battery maker LG Energy Solution fell 0.35 percent, while Samsung SDI gained 0.11 percent.
Financial firms continued to trade higher, with KB Financial increasing 0.78 percent and Shinhan Financial climbing 0.82 percent.
Shipping firms were also among winners, with HMM rising 2.17 percent and Hyundai Glovis moving up 2.44 percent.
The local currency was trading at 1,315.20 won against the US dollar, up 1.3 won from the previous session’s close.
Source: Emirates News Agency
