Seoul shares rose on Friday led by techs including Samsung Electronics and Woori Finance Holdings, but falls in Kumho Tire amid plant shutdowns weighed. The Korea Composite Stock Price Index (KOSPI) ended up 0.85 percent or 17.26 points at 2,054.04 points.
Economic recovery hopes following some positive developments in Europe helped lift market sentiment, said Kim Young-june, a market analyst at SK Securities. Foreign investors were buyers of a net 218.8 billion won ($195.6 million) worth of stocks, purchasing shares for an eighth consecutive session.
Shares in Samsung Electronics rose 3.4 percent after recent sharp falls and after a local media report the world's No 1 memory chip maker may raise prices of its DRAM chips. Shares in Hyundai Heavy Industries rose 1.3 percent and Hanjin Heavy Industries surged 2.6 percent. The KOSPI 200 June futures index finished up 3.55 points at 273.60. The KOSPI 200 spot index rose 2.73 points to 271.66. The junior Kosdaq market ended up 0.17 percent at 514.57.
Comments
Comments are closed for this article.