ID :
201522
Tue, 08/16/2011 - 06:41
Auther :
Shortlink :
https://oananews.org//node/201522
The shortlink copeid
Seoul shares up 3.94 pct in late-morning trade
SEOUL, Aug. 16 (Yonhap) -- South Korean traded 3.94 percent higher late Tuesday morning as investors were boosted by overnight rallies in the U.S. and Europe, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) climbed 70.6 points to 1,863.91 as of 11:20 a.m.
Foreigners shifted to net buyers in 10 sessions, while institutions and retail investors offloaded stocks.
Large-cap shares led the rally, with market bellwether Samsung Electronics rising 3.82 percent despite news reports that Google will buy Motorola Mobility. Leading steelmaker POSCO soared 5.94 percent and Hyundai Motor, South Korea's top carmaker, jumped 5.05 percent.
The local currency was changing hands at 1,069.1 won to the greenback as of 11:20 a.m., up 9.4 won from Friday's close. The South Korean financial markets were closed Monday for Liberation Day.
The benchmark Korea Composite Stock Price Index (KOSPI) climbed 70.6 points to 1,863.91 as of 11:20 a.m.
Foreigners shifted to net buyers in 10 sessions, while institutions and retail investors offloaded stocks.
Large-cap shares led the rally, with market bellwether Samsung Electronics rising 3.82 percent despite news reports that Google will buy Motorola Mobility. Leading steelmaker POSCO soared 5.94 percent and Hyundai Motor, South Korea's top carmaker, jumped 5.05 percent.
The local currency was changing hands at 1,069.1 won to the greenback as of 11:20 a.m., up 9.4 won from Friday's close. The South Korean financial markets were closed Monday for Liberation Day.
