Seoul stocks up 1.65 pct in late morning

SEOUL, June 25 (Yonhap) -- South Korean stocks traded 1.65 percent higher late
Thursday morning on investors' eased jitters over U.S. monetary tightening,
analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) advanced 22.5 points to
trade at 1,386.29 as of 11:20 a.m.
"Investors were spared concern over U.S. exit strategies to soak up liquidity
after the Fed on Wednesday left its benchmark interest rate unchanged," said Kim
Seung-han, an analyst at HI Securities.
Solid foreign purchases led the gain with most sectors trading in positive
territory.
The local currency was trading at 1,282.9 won to the U.S. dollar as of 11:20
a.m., up 0.6 won from Wednesday's close.
pbr@yna.co.kr
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