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Home International Markets

South Korean stocks trade flat by break , KOSPI jumps 1.72pts

byCustoms Today Report
29/10/2015
in International Markets
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SEOUL: South Korean stocks traded almost flat late Thursday morning as a fall in domestic-focused firms offset gains in tech blue chips, analysts said.

The benchmark Korea Composite Stock Price Index (KOSPI) added 1.72 points, or 0.08 percent, to 2,044.23 as of 11:20 a.m.

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Top mobile carrier SK Telecom slipped 2 percent, with state-run electricity provider Korea Electric Power Corp. losing 2.3 percent.

Market behemoth Samsung Electronics continued its bullish run from earlier, climbing 2.5 percent. Its smaller home rival LG Electronics also rose 0.6 percent.

The local currency was changing hands at 1,144.10 won against the greenback as of 11:20 a.m., down 13.1 won from Wednesday’s close.

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