ID :
185728
Wed, 06/01/2011 - 07:10
Auther :
Shortlink :
https://oananews.org//node/185728
The shortlink copeid
Seoul shares up 0.1 pct in late-morning trade
SEOUL, June 1 (Yonhap) -- South Korean stocks traded a mere 0.1 percent higher late Wednesday morning as investor sentiment was weighed down by a report that the country's consumer prices overshot the government target in May, analysts said.
In range-bound trade, the benchmark Korea Composite Stock Price Index (KOSPI) added 2.13 points to 2,144.6 as of 11:20 a.m.
Government data showed earlier in the day that South Korea's consumer prices grew 4.1 in May, hovering above the government containment goal of 4 percent for a fifth month.
Shipbuilders were bullish, but chipmaking giant Hynix Semiconductor fell more than 4 percent.
The local currency was trading at 1,076.95 won to the greenback as of 11:20 a.m., up 2.25 won from Tuesday's close.
In range-bound trade, the benchmark Korea Composite Stock Price Index (KOSPI) added 2.13 points to 2,144.6 as of 11:20 a.m.
Government data showed earlier in the day that South Korea's consumer prices grew 4.1 in May, hovering above the government containment goal of 4 percent for a fifth month.
Shipbuilders were bullish, but chipmaking giant Hynix Semiconductor fell more than 4 percent.
The local currency was trading at 1,076.95 won to the greenback as of 11:20 a.m., up 2.25 won from Tuesday's close.
