Most Popular
-
1
Dongduk Women’s University halts coeducation talks
-
2
Defense ministry denies special treatment for BTS’ V amid phone use allegations
-
3
Russia sent 'anti-air' missiles to Pyongyang, Yoon's aide says
-
4
OpenAI in talks with Samsung to power AI features, report says
-
5
Two jailed for forcing disabled teens into prostitution
-
6
Trump picks ex-N. Korea policy official as his principal deputy national security adviser
-
7
South Korean military plans to launch new division for future warfare
-
8
Gold bars and cash bundles; authorities confiscate millions from tax dodgers
-
9
Kia EV9 GT marks world debut at LA Motor Show
-
10
Teen smoking, drinking decline, while mental health, dietary habits worsen
Seoul shares up in late morning trading despite Samsung plunges
By 정민경Published : Oct. 10, 2016 - 11:42
[THE INVESTOR] South Korean shares rose slightly higher late morning on Oct. 10.
The benchmark KOSPI added 0.02 percent, or 0.50 point, to 2,054.30 as of 11:20 a.m.
The index opened sharply lower but pared earlier losses on institutional buying.
Samsung Electronics plunged 3.63 percent as investors apparently sought to cash in early gains.
On Oct. 7, Samsung shares closed at a record high of 1,706,000 won, adding 0.89 percent from the previous session’s close.
An earlier report that Samsung has temporarily suspended production of its Galaxy Note 7 smartphones currently under a voluntary recall further spooked investor sentiment.
Most other major caps were in positive terrain, with top portal operator Naver spiking 4.27 percent.
Cosmetics giant AmorePacific advanced 1.67 percent, while global steelmaker POSCO added 2.88 percent.
The local currency was trading at 1,113.55 against the US greenback, up 1.95 won from previous session.
(theinvestor@heraldcorp.com)
The benchmark KOSPI added 0.02 percent, or 0.50 point, to 2,054.30 as of 11:20 a.m.
The index opened sharply lower but pared earlier losses on institutional buying.
Samsung Electronics plunged 3.63 percent as investors apparently sought to cash in early gains.
On Oct. 7, Samsung shares closed at a record high of 1,706,000 won, adding 0.89 percent from the previous session’s close.
An earlier report that Samsung has temporarily suspended production of its Galaxy Note 7 smartphones currently under a voluntary recall further spooked investor sentiment.
Most other major caps were in positive terrain, with top portal operator Naver spiking 4.27 percent.
Cosmetics giant AmorePacific advanced 1.67 percent, while global steelmaker POSCO added 2.88 percent.
The local currency was trading at 1,113.55 against the US greenback, up 1.95 won from previous session.
(theinvestor@heraldcorp.com)
