Go to Contents Go to Navigation

S. Korean shares trade high on Samsung, blue-chip gains

All News 11:30 March 10, 2016

SEOUL, March 10 (Yonhap) -- South Korean shares traded higher late Thursday morning, led by gains in Samsung Electronics and other large-cap issues.

The benchmark Korea Composite Stock Price Index (KOSPI) rose 11.6 points, or 0.59 percent, to 1,964.55 as of 11:20 a.m.

Market bellwether and tech giant Samsung Electronics helped boost market mood by jumping 2.25 percent.

No. 1 portal operator Naver gained 2.14 percent, while Daewoo Shipbuilding & Marine Engineering surged 2.73 percent on expectations for a rebound in earnings.

Lotte Confectionery, a food unit of Lotte Group, also continued to gain ground following a 10-for-1 stock split plan announced earlier this week.

The local currency was changing hands at 1,211.25 won against the greenback, up 4.95 won from the previous day's close.


Send Feedback
How can we improve?
Thanks for your feedback!