[THE INVESTOR] South Korean shares traded in the high terrain late morning on June 22 due to the apparent shift in voters’ sentiment in Britain to stay in the European Union.
The benchmark Korea Composite Stock Price Index soared 4.26 points, or 0.21 percent, to 1,986.96 as of 11:20 a.m.
Some analysts are maintaining that the possibilities of the exit still exist. As such, the KOSPI is expected to move in a narrow range as investors are not planning to sell or buy excessively, ahead of the referendum, they said.
Supporting the broader index, automaker Hyundai Motor increased 1.45 percent, cosmetics giant AmorePacific hiked 0.48 percent, and No. 1 refiner SK Innovation climbed 2.89 percent.
Among those who faced loss were blue chip Samsung Electronics down 0.69 percent and electric provider Korea Electric Power Corp. down 0.34 percent.
The local currency was changing hands at 1,156.15 won against the US dollar, up 0.55 won from the previous session’s close.
(
theinvestor@heraldcorp.com)
