April 27, 2024

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[THE INVESTOR] South Korean stocks traded higher in late morning of April 24, led by gains in tech and banking stocks.

The benchmark KOSPI advanced 4 points, or 0.18 percent, to 2,169.04 as of 11:15 a.m.

Most large-cap stocks were mixed across the board. Top market cap Samsung Electronics rose 0.54 percent, and SK hynix, a major chipmaker, climbed 0.96 percent.

Shinhan Financial, the country‘s most profitable banking group, gained 1.68 percent.

Hyundai Motor, the No. 1 automaker, remained unchanged, and its smaller affiliate, Kia Motors, also remained flat.

The local currency was trading at 1,133.20 won against the US dollar, up 0.8 won from the previous session’s close.

By Alex Lee and newswires (alexlee@heraldcorp.com)