S. Korean shares up in late morning trade
SEOUL, June 9 (Yonhap) -- South Korean shares traded higher late Thursday morning on the central bank decision to slash its policy rate by 25 basis points, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) rose 3.94 points, or 0.19 percent to 2,031.02 as of 11:20 a.m.
Earlier on Thursday, the Bank of Korea slashed the key rate to a new record low of 1.25 percent for June, marking the first rate cut in 12 months.
Market kingpin Samsung Electronics added 1.64 percent and global chipmaker SK hynix rose 2.45 percent, while top automaker Hyundai Motor shed 0.36 percent.
No. 2 automaker Kia Motors slipped 0.75 percent.
Top steelmaker POSCO dropped 2.23 percent and No.1 refiner SK Innovation shed 1.56 percent.
The local currency was trading at 1,150.5 won against the U.S. dollar, up 1.2 won from the previous session's close.
khj@yna.co.kr
(END)
-
N.K. leader declares victory in fight against COVID-19: state media
-
DP slams Yoon's absence during record rainfall
-
(News Focus) Samsung's Lee expected to solidify leadership, step up biz activities after receiving pardon
-
(LEAD) Yoon pledges to improve ties with Japan, offers economic aid in exchange for N.K. denuclearization
-
(2nd LD) PPP approves leadership shift, names interim leader
-
(5th LD) 8 dead, 7 missing in record rainfall in Seoul, surrounding areas
-
(2nd LD) Samsung heir Lee granted special presidential pardon
-
(News Focus) Samsung's Lee expected to solidify leadership, step up biz activities after receiving pardon
-
(LEAD) Yoon pledges to improve ties with Japan, offers economic aid in exchange for N.K. denuclearization
-
16 dead, missing in record rainfall in Seoul, surrounding areas in 3 days
-
(LEAD) Yoon pledges to improve ties with Japan, offers economic aid in exchange for N.K. denuclearization
-
Conservative activists hold rally in downtown Seoul on Liberation Day
-
S. Korea expresses deep regret over Japanese PM's offering to war shrine
-
Bank's refusal to open account for foreigner with long name 'discriminatory': rights watchdog
-
SK invests $250 mln in U.S. reactor startup TerraPower