ID :
207235
Thu, 09/15/2011 - 06:17
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Shortlink :
https://oananews.org//node/207235
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Seoul shares up 2.04 pct in late-morning trade
SEOUL (Yonhap) - South Korean stocks traded 2.04 higher late Thursday morning, boosted by optimism over Europe's efforts to resolve the imminent Greek default, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) rose 35.65 points to 1,784.81 as of 11:20 a.m., making a rebound from a massive fall in the previous session.
Large-cap exporters led the rally, with the world's top chip giant Samsung Electronics gaining 3.19 percent and leading carmaker Hyundai Motor rising 3.93 percent.
The local currency was trading at 1,106.55 won to the greenback as of 11:20 a.m., up 1.25 won from Wednesday's close.
The benchmark Korea Composite Stock Price Index (KOSPI) rose 35.65 points to 1,784.81 as of 11:20 a.m., making a rebound from a massive fall in the previous session.
Large-cap exporters led the rally, with the world's top chip giant Samsung Electronics gaining 3.19 percent and leading carmaker Hyundai Motor rising 3.93 percent.
The local currency was trading at 1,106.55 won to the greenback as of 11:20 a.m., up 1.25 won from Wednesday's close.
