SEOUL: South Korean stocks traded 1.31 percent higher late Friday morning as eased worries on China’s economy and better-than-expected U.S. growth data buoyed investor sentiment here, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) moved up 24.98 points to 1,932.98.
Techs and chemicals led the rally. SK hynix gained 4.23 percent and LG Chem surged 6.84 percent.
But automakers and cosmetics firms were trading in negative terrain. Kia Motors lost 2.57 percent and Amore Pacific fell 1.45 percent.
The local currency was changing hands at 1,175.45 won against the U.S. dollar, up 9.75 won from Thursday’s close.
