ID :
78994
Tue, 09/08/2009 - 11:14
Auther :
Shortlink :
https://www.oananews.org//node/78994
The shortlink copeid
Seoul stocks up 0.5 percent in late morning
By Lee Youkyung
SEOUL, Sept. 8 (Yonhap) -- South Korean stocks were trading 0.5 percent higher late Tuesday morning as rechargeable battery makers gave the key index upward pressure after Wall Street closed for the Labor Day holiday, analysts said.
The benchmark Korean Composite Stock Price Index (KOSPI) advanced 8.1 points to
1,616.67 as of 11:20 a.m.
Rechargeable battery producers gained ground on an expected rise in demand.
Leading oil refiner SK Energy spiked nearly its daily limit as analysts upgraded
its target share-price as its rechargeable battery division was estimated to
expand its profits. Samsung SDI Co., the world's No. 3 producer of rechargeable
batteries, shot up more than 8 percent.
The local currency was trading at 1,231.35 won to U.S. dollar as of 11:20 a.m.,
up 2.15 won from Monday's close.
ylee@yna.co.kr
(END)
SEOUL, Sept. 8 (Yonhap) -- South Korean stocks were trading 0.5 percent higher late Tuesday morning as rechargeable battery makers gave the key index upward pressure after Wall Street closed for the Labor Day holiday, analysts said.
The benchmark Korean Composite Stock Price Index (KOSPI) advanced 8.1 points to
1,616.67 as of 11:20 a.m.
Rechargeable battery producers gained ground on an expected rise in demand.
Leading oil refiner SK Energy spiked nearly its daily limit as analysts upgraded
its target share-price as its rechargeable battery division was estimated to
expand its profits. Samsung SDI Co., the world's No. 3 producer of rechargeable
batteries, shot up more than 8 percent.
The local currency was trading at 1,231.35 won to U.S. dollar as of 11:20 a.m.,
up 2.15 won from Monday's close.
ylee@yna.co.kr
(END)
