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Seoul stocks up late Monday morning

All News 11:30 July 09, 2018

SEOUL, July 9 (Yonhap) -- South Korean stocks traded higher Monday morning, led by gains in large cap tech and bio shares.

The benchmark Korea Composite Stock Price Index (KOSPI) rose 13.1 points, or 0.58 percent, to 2,285.97 as of 11:15 a.m.

Market kingpin Samsung Electronics gained 1.67 percent, and SK hynix, a major chipmaker, added 0.94 percent.

Samsung Biologics jumped 4.63 percent, while pharmaceutical giant Celltrion remained unchanged.

Top carmaker Hyundai Motor climbed 1.21 percent, and Naver, the country's largest web portal operator, was also up 1.07 percent.

Steel shares, meanwhile, plunged amid concerns over trade protectionism with leading player POSCO nosediving 3.36 percent.

The South Korean currency was trading at 1,111.50 won against the U.S. dollar, up 4.4 won from the previous session's close.


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