This photo shows a dealing room at Hana Bank in Seoul, Jan. 2. Yonhap

Korean stocks traded nearly 2 percent higher late Friday morning as investors purchased chip and battery shares for bargain hunting.

The benchmark Korea Composite Stock Price Index (KOSPI) added 47.06 points, or 1.96 percent, to 2,446 as of 11:20 a.m.

It had fallen for five straight sessions starting Dec. 24 amid lingering political turmoil following Yoon's short-lived martial law declaration on Dec. 3, which led to the passage of an impeachment motion against him.

Chipmakers led the upside mode as industry leader Samsung Electronics advanced 2.43 percent, and its chipmaking rival SK hynix soared 6.07 percent.

Battery shares were also strong as LG Energy Solution jumped 3.9 percent, and POSCO Future M vaulted 6.96 percent.

Auto shares, however, traded mixed, with top carmaker Hyundai Motor gaining 1.65 percent and its sister Kia falling 1.48 percent.

The local currency was trading at 1,465.7 won against the greenback at 11:20 a.m., up 0.9 won from the previous session. (Yonhap)