Seoul shares up 0.7 pct in late-morning trade
Dec. 17, 2013
South Korean stocks traded 0.7 percent higher late Tuesday morning, as blue-chip shipyards and shipping firms widened gains, analysts said. The benchmark Korea Composite Stock Price Index (KOSPI) advanced 13.56 points to 1,974.71 as of 11:20 a.m.Hyundai Heavy Industries, the world's largest shipyard, soared nearly 4 percent, with Hyundai Merchant Marine, a major shipping line, rising more than 2 percent. In contrast, state-run companies and builders lost ground.Korea Gas tumbled over 6 percent,