ID :
184791
Fri, 05/27/2011 - 06:37
Auther :
Shortlink :
https://oananews.org//node/184791
The shortlink copeid
Seoul shares up 0.6 pct in late-morning trade
SEOUL, May 27 (Yonhap) -- South Korean stocks traded 0.6 percent higher late Friday morning as foreign buying underpinned the market following overnight gains on Wall Street, analysts said.
After trading in a tight range, the benchmark Korea Composite Stock Price Index (KOSPI) advanced 12.61 points to 2,104.52 as of 11:20 a.m.
Tech shares, automakers and builders gained ground. Market leader Samsung Electronics climbed 1.71 percent and leading automaker Hyundai Motor rose 2.05 percent.
Foreign investors scooped up local stocks for the second consecutive session, buying a net 93.2 billion won worth of Seoul shares on the main bourse.
The local currency was trading at 1,082.45 won to the greenback as of 11:20 a.m., up 6.15 won from Thursday's close, after the central bank said Korea posted a current account surplus for the 14th straight month in April on robust exports, dealers said.
After trading in a tight range, the benchmark Korea Composite Stock Price Index (KOSPI) advanced 12.61 points to 2,104.52 as of 11:20 a.m.
Tech shares, automakers and builders gained ground. Market leader Samsung Electronics climbed 1.71 percent and leading automaker Hyundai Motor rose 2.05 percent.
Foreign investors scooped up local stocks for the second consecutive session, buying a net 93.2 billion won worth of Seoul shares on the main bourse.
The local currency was trading at 1,082.45 won to the greenback as of 11:20 a.m., up 6.15 won from Thursday's close, after the central bank said Korea posted a current account surplus for the 14th straight month in April on robust exports, dealers said.
