Seoul shares gain; banks up after strong Q3 results

SEOUL, Nov 4 (Reuters) - Seoul shares inched higher on Wednesday, with Shinhan Financial Group (055550.KS) and Korea Exchange Bank (004940.KS) leading the way after delivering stronger-than-expected quarterly results.

The Korea Composite Stock Price Index edged up 0.37 percent at 1,555.69 by 0007 GMT.

Shinhan rose 2.5 percent to 45,850 won.

Kosdaq-listed Seoul Semiconductor (046890.KQ) jumped 5 percent to 42,150 won, after Singapore's state investor Temasek Holdings said it would buy 284.7 billion won ($239.1 million) worth of shares in the South Korean light emitting diode (LED) maker and its affiliate. [ID:nSEO35282]

(Reporting by Kim Yeon-hee; Editing by Jonathan Hopfner)