Seoul shares rise

04 Aug, 2010

Seoul shares rose on Tuesday as technology stocks such as LG Electronics rallied on stronger than expected US data while Hanwha Chemical climbed after news of an acquisition. The Korea Composite Stock Price Index (KOSPI) ended up 0.47 percent at 1,790.60 points, posting a fresh near-26 month closing high.
Foreign investors were buyers of a net 261 billion won ($222.6 million) worth of stocks, purchasing shares for a 10th consecutive session, their longest buying streak since early April. Blue chip technology stocks also climbed, with LG Electronics, the world's No 3 handset maker, up 3.4 percent. LG Display, the world's second-largest flat panel maker, rose 3 percent. The KOSPI 200 September futures index ended up 0.90 points at 234.15, and the KOSPI 200 spot index rose 1.16 points to 233.38. The junior Kosdaq market ended 0.01 percent lower at 481.94.

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