SEOUL: South Korean stocks traded higher in late Wednesday morning as foreigners scooped up market heavyweights, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) added 11.47 points, or 0.59 percent, to 1,947.33 as of 11:20 a.m.
Tech shares traded mixed. Market bellwether Samsung Electronics declined 1.02 percent, and SK hynix, the world’s second-largest chip maker, gained 3.32 percent.
Naver, the nation’s No. 1 portal operator, rose 2.93 percent on bargain hunting after it suffered deep losses in the previous sessions.
State-run electricity provider Korea Electric Power Corp. went up 3.64 percent ahead of its earnings announcement later in the day.
The Korean won was changing hands at 1,097.20 won against the greenback as of 11:20 a.m., down 7.5 from Tuesday’s close.
