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Seoul stocks up late Friday morning

All News 11:34 January 12, 2018

SEOUL, Jan. 12 (Yonhap) -- South Korean stocks traded a tad higher late Friday morning as institutional investors went bargain hunting after a correction, but the gains were limited due to a slump in tech heavyweights.

The benchmark Korea Composite Stock Price Index (KOSPI) inched up 0.72 point, or 0.03 percent, to 2,488.63 as of 11:20 a.m.

Tech shares were mixed. Top market cap Samsung Electronics dropped 2.28 percent to extend earlier losses, while SK hynix, a major chipmaker, edged up 0.14 percent.

Leading automaker Hyundai Motor slipped 0.32 percent, and top steelmaker POSCO jumped 4.91 percent.

Wall Street closed at a record high Thursday as a rise in oil prices to a three-year high lifted energy stocks.

The local currency was trading at 1,063.6 won against the U.S. dollar, up 8.4 won from the previous session's close.

ejkim@yna.co.kr
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