Published : Sept. 29, 2016 - 11:51
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THE INVESTOR] South Korean shares rose during late morning trading on Sept. 29, bolstered by energy-related stocks gaining strength on OPEC’s decision to reduce oil output.
OPEC headquarters in Vienna, Austria. OPEC
The benchmark KOSPI rose 15.85 points, or 0.77 percent, to 2,068.91 as of 11:20 a.m.
Large caps traded mixed with market kingpin Samsung Electronics adding 2.11 percent, and global chipmaker SK hynix down 2.31 percent.
SK Innovation, the nation’s No. 1 oil refiner, jumped 6.51 percent.
Top automaker Hyundai Motor remained flat, and its smaller affiliate Kia Motors traded 0.12 percent higher.
The local currency was trading at 1,096.05 won against the US dollar, up 0.75 won from the previous session’s close.
(
theinvestor@heraldcorp.com)