ID :
191687
Wed, 06/29/2011 - 08:15
Auther :
Shortlink :
https://oananews.org//node/191687
The shortlink copeid
Seoul shares up 1.27 pct in late-morning trade
SEOUL, June 29 (Yonhap) -- South Korean stocks traded 1.27 percent higher late Wednesday morning as foreign investors picked up shares of oil refiners and automakers, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) added 26.21 points to 2,089.12 as of 11:20 a.m.
Carmakers gained ground after Moody's cut the credit rating of Japanese carmaker Toyota. Hyundai Motor and Kia Motors both went up about 2 percent.
CJ Cheiljedang, however, tumbled more than 8 percent after its parent CJ Group was picked as the prime bidder for a major stake in Korea Express. Korea Express slumped nearly 5 percent.
The local currency was trading at 1,078,8 won to the greenback as of 11:20 a.m., up 4.7 won from Tuesday's close.
ylee@yna.co.kr
The benchmark Korea Composite Stock Price Index (KOSPI) added 26.21 points to 2,089.12 as of 11:20 a.m.
Carmakers gained ground after Moody's cut the credit rating of Japanese carmaker Toyota. Hyundai Motor and Kia Motors both went up about 2 percent.
CJ Cheiljedang, however, tumbled more than 8 percent after its parent CJ Group was picked as the prime bidder for a major stake in Korea Express. Korea Express slumped nearly 5 percent.
The local currency was trading at 1,078,8 won to the greenback as of 11:20 a.m., up 4.7 won from Tuesday's close.
ylee@yna.co.kr
