SEOUL: South Korean stocks traded 0.28 percent higher late Friday morning on hopes Seoul’s latest stimulus plan would help boost the sputtering economy, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) added 5.84 points to 2,090.90 as of 11:20 a.m.
Carmakers traded higher, with No. 1 Hyundai Motor adding 2.27 percent and auto parts maker Hyundai Mobis climbing 0.72 percent. Kia Motors climbed 0.33 percent.
Other key shares traded bullish, with market behemoth Samsung Electronics advancing 0.63 percent and top portal operator Naver moving up 1.68 percent.
The local currency was trading at 1,116.25 won to the U.S. dollar, down 6.25 won from Thursday’s close.
