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S. Korean shares trade higher on large cap gains

All Headlines 11:24 January 12, 2017

SEOUL, Jan. 12 (Yonhap) -- South Korean stocks traded higher on late Thursday morning amid advances by most large caps.

The benchmark Korea Composite Stock Price Index (KOSPI) added 6.26 points, or 0.30 percent, to 2,081.43 as of 11:20 a.m.

The index remained in positive terrain after opening on an upbeat note, apparently tracking overnight gains on Wall Street.

On Wednesday (New York time), the Dow Jones industrial average advanced 0.50 percent to close at 19,954.28.

Top cap Samsung Electronics remained flat, one day after reaching a record high of 1,914,000 won (US$1,620).

Global chipmaker SK hynix plunged 1.55 percent, but top auto parts maker Hyundai Mobis surged 1.28 percent.

Leading automaker Hyundai Motor added 0.67 percent, while its smaller affiliate Kia Motors advanced 0.87 percent.

The local currency was trading at 1,182.55 won against the U.S. dollar, up 13.85 won from the previous session's close.

bdk@yna.co.kr
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