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THE INVESTOR

Finance

Seoul shares rise in morning trading

  • PUBLISHED :January 12, 2017 - 11:53
  • UPDATED :January 12, 2017 - 11:53
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[THE INVESTOR] South Korean stocks traded higher on late morning on Jan. 12 amid advances by most large caps.

The benchmark KOSPI added 6.26 points, or 0.30 percent, to 2,081.43 as of 11:20 a.m.

The index remained in positive terrain after opening on an upbeat note, apparently tracking overnight gains on Wall Street.

Top cap Samsung Electronics remained flat, one day after reaching a record high of 1,914,000 won (US$1,620).

Global chipmaker SK hynix plunged 1.55 percent, but top auto parts maker Hyundai Mobis surged 1.28 percent.

Leading automaker Hyundai Motor added 0.67 percent, while its smaller affiliate Kia Motors advanced 0.87 percent.

The local currency was trading at 1,182.55 won against the US dollar, up 13.85 won from the previous session’s close.


(theinvestor@heraldcorp.com)
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