ID :
204325
Tue, 08/30/2011 - 08:49
Auther :
Shortlink :
https://oananews.org//node/204325
The shortlink copeid
Seoul shares up 1.06 pct in late-morning trade
SEOUL, Aug. 30 (Yonhap) -- South Korean stocks traded 1.06 percent higher late Tuesday morning as investor sentiment was lifted by overnight gains in U.S. markets driven by a Greek bank merger deal, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) climbed 19.42 points to 1,848.92 as of 11:20 a.m.
U.S. markets closed sharply higher as a merger between Greece's two major banks raised hopes for easing strains caused by the eurozone debt crisis. The Dow Jones industrial average rose 2.26 percent and the tech-laden Nasdaq Composite Index gained 3.32 percent.
Foreign investors snatched up local stocks worth 110.5 billion won (US$102.9 million) on the main bourse, snapping the third straight session of sell-offs.
The local currency was changing hands at 1,072 won to the greenback, up 2 won from Friday's close.
The benchmark Korea Composite Stock Price Index (KOSPI) climbed 19.42 points to 1,848.92 as of 11:20 a.m.
U.S. markets closed sharply higher as a merger between Greece's two major banks raised hopes for easing strains caused by the eurozone debt crisis. The Dow Jones industrial average rose 2.26 percent and the tech-laden Nasdaq Composite Index gained 3.32 percent.
Foreign investors snatched up local stocks worth 110.5 billion won (US$102.9 million) on the main bourse, snapping the third straight session of sell-offs.
The local currency was changing hands at 1,072 won to the greenback, up 2 won from Friday's close.
