Seoul shares up 0.06 pct in late-morning trade
Published : 2013-01-22 11:33
Updated : 2013-01-22 11:33
South Korean stocks traded 0.06 percent higher late Tuesday morning as investors sat on the sidelines ahead of the results of Japan's key policy meeting, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) added 1.15 points to 1,988.01 as of 11:20 a.m.
Tech shares led the rise, with Samsung Electronics gaining 1.24 percent and LG Display rising 2.28 percent. Top mobile carrier SK Telecom advanced 1.78 percent and No. 2 player KT rose 1.89 percent.
The Japanese central bank is expected to introduce more aggressive easing steps to boost growth later in the day as a way to fuel the weakening tendency of the yen.
The local currency was changing hands at 1,065.95 won against the greenback, up 3.05 won from Monday's close. (Yonhap News)