ID :
197181
Tue, 07/26/2011 - 07:20
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https://oananews.org//node/197181
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Seoul shares up 0.18 pct in late-morning trade
SEOUL, July 26 (Yonhap) -- South Korean stocks traded 0.18 percent higher late Tuesday morning as gains in refiners and steelmakers outweighed losses in tech firms, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) gained 3.85 points to 2,154.33 as of 11:20 a.m.
Refiners and steelmakers gained ground, with top player SK Innovation jumping 3.61 percent and the world's No. 3 steelmaker POSCO rising 0.74 percent.
LG Chem, South Korea's leading chemical firm, rose 2.43 percent on a US$10 million deal to develop lithium-ion batteries for U.S. carmakers.
Samsung Electro-Mechanics, a South Korean industrial parts maker, went up 0.22 percent, although it reported a one-third fall in net profit for the second quarter.
In contrast, world's biggest chipmaker Samsung Electronics dropped 0.47 percent.
The local currency was trading at 1,052.45 won to the greenback as of 11:20 a.m., up 3.65 won from Monday's close.
The benchmark Korea Composite Stock Price Index (KOSPI) gained 3.85 points to 2,154.33 as of 11:20 a.m.
Refiners and steelmakers gained ground, with top player SK Innovation jumping 3.61 percent and the world's No. 3 steelmaker POSCO rising 0.74 percent.
LG Chem, South Korea's leading chemical firm, rose 2.43 percent on a US$10 million deal to develop lithium-ion batteries for U.S. carmakers.
Samsung Electro-Mechanics, a South Korean industrial parts maker, went up 0.22 percent, although it reported a one-third fall in net profit for the second quarter.
In contrast, world's biggest chipmaker Samsung Electronics dropped 0.47 percent.
The local currency was trading at 1,052.45 won to the greenback as of 11:20 a.m., up 3.65 won from Monday's close.
