ID :
184520
Thu, 05/26/2011 - 06:35
Auther :
Shortlink :
https://oananews.org//node/184520
The shortlink copeid
Seoul shares up 1.28 pct in late-morning trade
SEOUL, May 26 (Yonhap) -- South Korean stocks traded 1.28 percent higher late Thursday morning, helped by foreign buying and gains in exporter blue chips, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) climbed 26.01 points to 2,061.88 as of 11:20 a.m.
Foreigners shifted to net buying following their 10-session selling streak. Institutions and retail investors, however, opted to sell shares.
Blue chips shored up the KOSPI with market bellwether Samsung Electronics gaining nearly 2 percent. Auto heavyweights Hyundai Motor and Kia Motors both rose more than 3 percent.
Telecom shares, however, underperformed the market with top player SK Telecom falling over 1 percent.
The local currency was changing hands at 1,090.75 won to the U.S. dollar as of 11:20 a.m., up 11.05 won from Wednesday's close.
The benchmark Korea Composite Stock Price Index (KOSPI) climbed 26.01 points to 2,061.88 as of 11:20 a.m.
Foreigners shifted to net buying following their 10-session selling streak. Institutions and retail investors, however, opted to sell shares.
Blue chips shored up the KOSPI with market bellwether Samsung Electronics gaining nearly 2 percent. Auto heavyweights Hyundai Motor and Kia Motors both rose more than 3 percent.
Telecom shares, however, underperformed the market with top player SK Telecom falling over 1 percent.
The local currency was changing hands at 1,090.75 won to the U.S. dollar as of 11:20 a.m., up 11.05 won from Wednesday's close.
