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Seoul shares up 1.07 pct in late morning trade

2016/02/16 11:27

SEOUL, Feb. 16 (Yonhap) -- South Korean stocks traded 1.07 percent higher Tuesday morning as investor sentiment was boosted by the rising possibility that the eurozone may roll out fresh stimulus measures in March.

The benchmark Korea Composite Stock Price Index (KOSPI) climbed 19.93 points to 1,882.13 as of 11:20 a.m.

Tech shares continued to gain ground, with Samsung Electronics adding 1.3 percent and LG Electronics moving up 2.95 percent. LG Display increased 0.47 percent.

Carmakers also traded higher, with Hyundai Motor climbing 1.08 percent and auto parts maker Hyundai Mobis advancing 0.81 percent. Kia Motors rose 1.72 percent.

The local currency was trading at 1,218.4 won against the U.S. dollar as of 11:20 a.m., down 10.3 won from the previous session's close.

colin@yna.co.kr

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