SEOUL: South Korean shares climbed on Tuesday after a rise on Wall Street and steps by China to shore up its economy boosted risk appetite, led by demand for securities companies on expectations of higher earnings.
The Korea Composite Stock Price Index (KOSPI) edged up 0.2 per cent to 2,033.36 as of 0253 GMT.
South Korean shares have jumped 6.2 per cent this quarter, putting them on track for their biggest quarterly gain since the third quarter of 2013. On a monthly basis, the index is up 2.4 per cent, set for its best month since July 2014.
“Investors expected a higher performance this quarter ahead of the earnings season,” said Lee Kyung-min, an analyst at Daishin Securities on Tuesday.
