SEOUL, Feb. 8 (Yonhap) — South Korean stocks traded bullish late Tuesday morning as investor sentiment was boosted by optimism for strong corporate earnings.
The benchmark Korea Composite Stock Price Index (KOSPI) rose 21.8 points, or 0.79 percent, to 2,766.86 points as of 11:20 a.m.
Most stocks traded higher, led by strong advances by tech and bio heavyweights.
Market kingpin Samsung Electronics increased 0.55 percent, and No. 2 chipmaker SK hynix grew 0.81 percent.
Bio giant Samsung Biologics soared 7.86 percent on the country’s surging new coronavirus cases, with Celltrion gaining 2.87 percent.
Top automaker Hyundai Motor moved down 0.54 percent, while the country’s top EV battery maker LG Energy Solution advanced 2.74 percent on robust quarterly earnings.
The local currency was trading at 1,198.35 won to the U.S. dollar, up 2.35 won from the previous session’s close.
jwc@yna.co.kr
(END)
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Dollar ends at 1,197.0 won DN from 1,206.4 won
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KOSPI 2,750.26 UP 42.44 points (close)
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KOSDAQ 902.87 UP 11.27 points (close)
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Seoul stocks up late Thurs. morning despite overnight decline on Wall Street
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KOSPI 2,714.83 UP 7.01 points (open)
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Dollar opens at 1,202.0 won DN from 1,206.4 won
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KOSDAQ 888.51 DN 3.09 points (open)
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Seoul stocks open sharply higher despite Wall Street loss
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Buy Tech Mahindra; target of Rs 1942: Prabhudas Lilladher
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Accumulate KEC International; target of Rs 572: Prabhudas Lilladher
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(LEAD) Seoul stocks make strong advance after holiday
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S. Korean Bond Yields on Feb. 3, 2022
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Dollar ends at 1,206.4 won UP from 1,205.5 won
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KOSDAQ 891.60 UP 18.73 points (close)
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