SEOUL: South Korean stocks moved higher in late-morning trade, poised to stem a six-day losing streak caused by U.S. and China woes, analysts said Tuesday.
The benchmark Korea Composite Stock Price Index (KOSPI), which slumped more than 1 percent earlier in the day, jumped 23.12 points, or 1.26 percent, to 1,852.93 as of 11:20 a.m.
Key players broadly gained, with Samsung Electronics rising 1.95 percent and Hyundai Motor surging 6.67 percent.
The local currency was changing hands at 1,193.85 won against the greenback as of 11:20 a.m., up 5.15 won from Monday’s close.