Seoul stocks up late Thursday morning on bargain hunting
SEOUL, April 22 (Yonhap) -- South Korean stocks continued to trade higher late Thursday morning as investors sought oversold stocks after the benchmark index took a breather the previous session.
The benchmark Korea Composite Stock Price Index (KOSPI) rose 16.03 points, or 0.51 percent, to 3,187.69 as of 11:20 a.m.
Stocks came to a strong start after the KOSPI slumped 1.52 percent the previous session under increased valuation pressure.
Investor sentiment remained strong, backed by rosy speculations about solid first-quarter earnings and progress in the local vaccine rollout against the new coronavirus.
Market kingpin Samsung Electronics traded flat, and No. 2 chipmaker SK hynix edged up 0.38 percent. Internet portal operator Naver increased 0.26 percent.
Top automaker Hyundai Motor gained 0.44 percent, and leading chemical firm LG Chem climbed 1.85 percent.
Pharmaceutical giant Samsung Biologics lost 2.04 percent, while Celltrion added 0.34 percent.
The local currency was trading at 1,115.8 won to the U.S. dollar as of 11:20 a.m., up 2.8 won from the previous session's close.
jwc@yna.co.kr
(END)
-
S. Korea marks 30th anniv. of Korean Pavilion at Venice Biennale with contemporary art
-
Artist Lee Bae captures ethereal Korean aesthetics at Venice Biennale
-
Ateez member Yunho throws first pitch at MLB match between Dodgers, Mets
-
Gov't likely to accept university chiefs' request to lower med school enrollment quota
-
S. Korea supports resolution backing U.N. membership of Palestine
-
Artist Lee Bae captures ethereal Korean aesthetics at Venice Biennale
-
S. Korea marks 30th anniv. of Korean Pavilion at Venice Biennale with contemporary art
-
Gov't likely to accept university chiefs' request to lower med school enrollment quota
-
Experts see possibility of N.K. conducting nuclear test before U.S. presidential vote
-
Details of meeting between Yoon, opposition leader undecided: presidential office
-
U.S. will take steps for three-way engagement on nuclear deterrence with S. Korea, Japan: Campbell
-
(LEAD) Hybe to file complaint against sublabel executives over internal conflict
-
S. Korea reports highest suicide rate, ultra fine dust level among OECD nations: data
-
Looming weekly closure of major hospitals feared to worsen medical service crisis
-
U.S. sent ATACMS missiles to Ukraine following Russia's use of N.K. missiles: White House