[THE INVESTOR] South Korean shares rebounded late morning on Oct. 19, amid steady net buying by foreign investors.
The benchmark KOSPI rose 4.87 points, or 0.24 percent, to 2,045.30 as of 11:20 a.m.
The broad index started the day’s trade lower, bucking overnight Wall Street gains, but soon turned positive as foreigners scooped up shares. Institutions and individuals net-sold stocks.
Market bellwether Samsung Electronics rebounded from a 0.06 percent loss a day earlier despite concerns over the terminated sale of Galaxy Note 7 worldwide.
Samsung advanced 1.89 percent and the state-run Korea Electric Power Corp. lost 1.14 percent. Leading automaker Hyundai Motor shed 1.54 percent and major steelmaker POSCO climbed 0.62 percent.
Global chipmaker SK hynix fell 2.64 percent, while LG Chem gained 1.63 percent.
The local currency was trading at 1,121.75 won against the US dollar, up 7.65 won from the previous session’s close.
(
theinvestor@heraldcorp.com)
