South Korean stocks traded higher late Monday morning taking a cue from overnight gains on Wall Street.

The benchmark Korea Composite Stock Price Index gained 5.75 points, or 0.23 percent, to 2,502.38 as of 11:20 a.m.


Tech shares continued to gain ground, with Samsung Electronics moving up 1.81 percent and SK hynix increasing 2.68 percent. Samsung Electro-Mechanics added 4.42 percent.

SK Innovation advanced 2.18 percent, and top mobile messenger operator Kakao increased by 1.39 percent.

The local currency was trading at 1,125.35 won against the US dollar, up 5.15 won from the previous session's close. (Yonhap)