ID :
53283
Wed, 04/01/2009 - 09:55
Auther :
Shortlink :
https://www.oananews.org//node/53283
The shortlink copeid
Seoul stocks up 2.19 pct in late morning
SEOUL, April 1 (Yonhap) -- South Korean stocks jumped 2.19 percent late Wednesday morning as carmakers and banks surged on economic recovery hopes, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) advanced 26.42 points to
1,232.68 as of 11:20 a.m.
"Following a raft of favorable U.S. economic indicators, auto, financial and
other economy-sensitive stocks rose sharply, leading the gains," said Kim
Seung-han, an analyst at Hi Investment & Securities.
The local currency was trading at 1,365.35 won to the U.S. dollar as of 11:20
a.m., up 16.65 won from Tuesday's close, after the government reported the
country's trade surplus hit a record at US$4.6 billion in March.
The benchmark Korea Composite Stock Price Index (KOSPI) advanced 26.42 points to
1,232.68 as of 11:20 a.m.
"Following a raft of favorable U.S. economic indicators, auto, financial and
other economy-sensitive stocks rose sharply, leading the gains," said Kim
Seung-han, an analyst at Hi Investment & Securities.
The local currency was trading at 1,365.35 won to the U.S. dollar as of 11:20
a.m., up 16.65 won from Tuesday's close, after the government reported the
country's trade surplus hit a record at US$4.6 billion in March.
