Seoul stocks up 0.88 pct in late morning

SEOUL, Jan. 22 (Yonhap) -- South Korean stocks were up 0.88 percent late Thursday
morning, bolstered by a Wall Street rally in the previous session, analysts said.

The benchmark Korea Composite Stock Price Index (KOSPI) advanced 9.71 points to
1,113.32 as of 11:20 a.m.
"The key index gained ground as investors, emboldened by overnight U.S. gains,
bought financial and tech shares," said Kim Hak-kyun, an analyst at Korea
Investment and Securities.
U.S. Stocks bounced back strongly Wednesday, with the Dow Jones industrial
average soaring 3.51 percent and the Nasdaq composite index jumping 4.6 percent.
The local currency was trading at 1,113.32 to the U.S. dollar as of 9:15 a.m., up
3.25 won from Wednesday's close.
ygkim@yna.co.kr
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