Seoul shares end over 6% higher on tech rally despite Middle East tensions
Among decliners, state-run utility Korea Electric Power Corp. fell 0.15 percent to 33,900 won, while discount store chain Emart slipped 1.52 percent to 79,400…
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Summary
Among decliners, state-run utility Korea Electric Power Corp. fell 0.15 percent to 33,900 won, while discount store chain Emart slipped 1.52 percent to 79,400 won. Institutional and foreign investors bought a net 182.68 billion won ($123 million) and 2.32 trillion won worth of shares, respectively, while retail investors sold a net 2.47 trillion won. 2nd LD Seoul shares end over 6 pct higher on tech rally despite Middle East tensions. (ATTN: ADDS bond yields at bottom) SEOUL, July 15 (Yonhap) -- Seoul shares ended more than 6 percent higher Wednesday, led by gains in technology heavyweights, although persistent tensions in the Middle East remained a key concern for investors.
Furthermore, Market bellwether Samsung Electronics jumped 6.27 percent to 279,500 won, while rival chipmaker SK hynix surged 8.83 percent to 2,082,000 won. Leading automaker Hyundai Motor rose 2.24 percent to 434,000 won, defense company Hanwha Aerospace climbed 6.54 percent to 929,000 won, and steelmaker POSCO Holdings gained 3.62 percent to 314,500 won. The United States and Iran have recently exchanged fresh rounds of strikes over the status of the Strait of Hormuz, pushing up oil prices.
In addition, "Softer-than-expected US consumer price index data helped ease inflation concerns, which had intensified amid the continuing conflict in the Middle East," Lim Jung-eun, an analyst at KB Research, said.
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Among decliners, state-run utility Korea Electric Power Corp. fell 0.15 percent to 33,900 won, while discount store chain Emart slipped 1.52 percent to 79,400 won.
reliability low1/2 sourcesInstitutional and foreign investors bought a net 182.68 billion won ($123 million) and 2.32 trillion won worth of shares, respectively, while retail investors sold a net 2.47 trillion won.
reliability low1/2 sources2nd LD Seoul shares end over 6 pct higher on tech rally despite Middle East tensions. (ATTN: ADDS bond yields at bottom) SEOUL, July 15 (Yonhap) -- Seoul shares ended more than 6 percent higher Wednesday, led by gains in technology heavyweights, although persistent tensions in the Middle East remained a key concern for investors.
reliability low1/2 sourcesMarket bellwether Samsung Electronics jumped 6.27 percent to 279,500 won, while rival chipmaker SK hynix surged 8.83 percent to 2,082,000 won.
reliability low1/2 sourcesLeading automaker Hyundai Motor rose 2.24 percent to 434,000 won, defense company Hanwha Aerospace climbed 6.54 percent to 929,000 won, and steelmaker POSCO Holdings gained 3.62 percent to 314,500 won.
reliability low1/2 sourcesThe United States and Iran have recently exchanged fresh rounds of strikes over the status of the Strait of Hormuz, pushing up oil prices.
reliability low1/2 sources"Softer-than-expected US consumer price index data helped ease inflation concerns, which had intensified amid the continuing conflict in the Middle East," Lim Jung-eun, an analyst at KB Research, said.
reliability low1/2 sources
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