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Home International Markets

South Korean stocks flat at open, KOSPI gains 1.83pts

byCustoms Today Report
27/11/2015
in International Markets
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SEOUL: South Korean stocks traded nearly flat late Friday morning as investors took a wait-and-see approach after the U.S. stock markets closed overnight for Thanksgiving.

The benchmark Korea Composite Stock Price Index (KOSPI) added 1.83 points, or 0.09 percent, to 2,032.51 as of 11:20 a.m.

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Tech shares continued to trade bullish, with Samsung Electronics rising 0.37 percent and LG Display climbing 2.58 percent.

Steelmakers traded mixed, with No. 1 POSCO remaining unchanged, while Korea Zinc moved up 0.55 percent. Hyundai Steel shed 0.57 percent.

The local currency was changing hands at 1,150.80 against the greenback as of 11:20 a.m., down 3.5 won from Thursday’s close.

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