SEOUL: Seoul shares closed on Wednesday at their highest in nearly two months, as market heavyweight Samsung Electronics surged following better-than-expected earnings guidance for its July-September period.
The Korea Composite Stock Price Index (KOSPI) ended up 0.8 per cent at 2,005.85 points, the highest closing level since August 10.
Tech giant Samsung Electronics Co Ltd, which makes up 14.6 per cent of the KOSPI’s market value, closed up 8.7 per cent at 1.251 million won, marking the biggest daily per centage gain since January 28, 2009.
Foreigners turned net buyers, with 89 billion won ($76.70 million) worth of shares on the main board, preliminary data showed.
