AIRLINK 62.48 Increased By ▲ 2.05 (3.39%)
BOP 5.36 Increased By ▲ 0.01 (0.19%)
CNERGY 4.58 Decreased By ▼ -0.02 (-0.43%)
DFML 15.50 Increased By ▲ 0.66 (4.45%)
DGKC 66.40 Increased By ▲ 1.60 (2.47%)
FCCL 17.59 Increased By ▲ 0.73 (4.33%)
FFBL 27.70 Increased By ▲ 2.95 (11.92%)
FFL 9.27 Increased By ▲ 0.21 (2.32%)
GGL 10.06 Increased By ▲ 0.10 (1%)
HBL 105.70 Increased By ▲ 1.49 (1.43%)
HUBC 122.30 Increased By ▲ 4.78 (4.07%)
HUMNL 6.60 Increased By ▲ 0.06 (0.92%)
KEL 4.50 Decreased By ▼ -0.05 (-1.1%)
KOSM 4.48 Decreased By ▼ -0.09 (-1.97%)
MLCF 36.20 Increased By ▲ 0.79 (2.23%)
OGDC 122.92 Increased By ▲ 0.53 (0.43%)
PAEL 23.00 Increased By ▲ 1.09 (4.97%)
PIAA 29.34 Increased By ▲ 2.05 (7.51%)
PIBTL 5.80 Decreased By ▼ -0.14 (-2.36%)
PPL 107.50 Increased By ▲ 0.13 (0.12%)
PRL 27.25 Increased By ▲ 0.74 (2.79%)
PTC 18.07 Increased By ▲ 1.97 (12.24%)
SEARL 53.00 Decreased By ▼ -0.63 (-1.17%)
SNGP 63.21 Increased By ▲ 2.01 (3.28%)
SSGC 10.80 Increased By ▲ 0.05 (0.47%)
TELE 9.20 Increased By ▲ 0.71 (8.36%)
TPLP 11.44 Increased By ▲ 0.86 (8.13%)
TRG 70.86 Increased By ▲ 0.95 (1.36%)
UNITY 23.62 Increased By ▲ 0.11 (0.47%)
WTL 1.28 No Change ▼ 0.00 (0%)
BR100 6,944 Increased By 65.8 (0.96%)
BR30 22,827 Increased By 258.6 (1.15%)
KSE100 67,142 Increased By 594.3 (0.89%)
KSE30 22,090 Increased By 175.1 (0.8%)

ASIA1SEOUL: South Korean shares climbed on Thursday, hitting a three-week high during trading as hints of a possible compromise on US fiscal talks spurred investor appetite.

 

The Korea Composite Stock Price Index (KOSPI) rose 0.84 percent at 1,928.87 points as of 0228 GMT, its highest intraday peak since November 7.

 

"After gains in US stocks, the main board is following suit," said Oh Seung-hoon, an analyst at Daishin Securities. "Sectors such as autos and shipbuilding that recently saw comparatively steeper losses are seeing greater gains."

 

Local stocks mirrored Asian peers edging higher on Thursday as sentiment improved after a senior US lawmaker said he was "optimistic" on reaching a budget deal before the end of the year to avoid a fiscal crisis.

 

Auto shares rose, with Hyundai Motor Co up 2.9 percent after Hyundai's US executive John Krafcik said on Wednesday the restatement of EPA fuel economy figures had no impact so far on Hyundai's US sales.

 

Shipbuilders were up, with Hyundai Heavy Industries Co Ltd rising 3 percent while Daewoo Shipbuilding & Marine Engineering Co Ltd rallied 5.4 percent.

 

Other blue-chips were mostly up, but market heavyweight Samsung Electronics Co Ltd bucked the trend by edging down 0.4 percent on profit-taking, continuing to fall short of its lifetime high reached last Friday.

 

Local institutional investors net-purchased 133.3 billion won ($122.70 million) worth of KOSPI shares near mid-session, buttressing the index.

 

Gaining shares outnumbered decliners 507 to 253.

 

The KOSPI 200 benchmark of core stocks was up 0.9 percent, while the junior KOSDAQ edged 0.6 percent higher.

 

Copyright Reuters, 2012

Comments

Comments are closed.