stocks-morningSeoul shares up later Mon. morning amid eased China concerns SEOUL, Aug. 21 (Yonhap) -- South Korean stocks traded higher late Monday morning as China's interest rate cut eased market jitters. The benchmark Korea Composite Stock Price Index (KOSPI) had added 14.15 points, or 0.56 percent, to 2,518.65 as of 11:20 a.m. On Monday morning, China slashed its one-year loan prime rate by 10 basis points from 3.55 percent to 3.45 percent. The move was aimed at propping up its economy and soothing market concerns over the bankruptcy protection sought by China's heavily indebted property developer Evergrande Group in the United States last week.

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