Seoul shares up 0.22 pct in late morning trade

South Korean stocks traded 0.22 percent higher late Friday morning on eased U.S. inflation.

The benchmark Korea Composite Stock Price Index (KOSPI) rose 5.62 points to 2,607.18 as of 11:20 a.m.

On Wall Street, investor sentiment was boosted by the latest U.S. consumer price index data for July, which rose 3.2 percent, slower than the market expectation of a 3.3 percent rise.

The Dow Jones Industrial Average increased 0.15 percent and the Nasdaq Composite added 0.12 percent.

In Seoul, major shares traded in mixed territory.

Market bellwether Samsung Electronics was flat while LG Electronics rose 2.36 percent.

Game shares were among the winners, with NCSOFT gaining 0.38 percent and Netmarble advancing 2.48 percent.

But battery shares went south, as industry leader LG Energy Solution fell 0.9 percent and POSCO Future M retreated 1.88 percent.

The local currency was trading at 1,319.8 won against the U.S. dollar at 11:20 a.m., down 3.8 won from Thursday's close.

Source: Yonhap News Agency

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