SEOUL, April 1 (Xinhua) -- South Korean shares extended initial gains Monday morning on eased worry about global trade conflict.
The benchmark Korea Composite Stock Price Index (KOSPI) gained 24.97 points, or 1.17 percent, to trade at 2,165.64 as of 10:15 a.m. local time (0115 GMT), after taking a strong start with a 0.59 percent rise from the previous close.
The main index extended its earlier gains on expectations that global trade conflict could likely be settled down in the foreseeable future, market watchers said.
Yields on treasury bonds of major economies recently showed a stable picture, alleviating concerns about the global economic slump.
Foreigners led the KOSPI rally, with institutional investors remaining net buyers. Retail investors were net sellers in the morning trading.
Market bellwether Samsung Electronics rose 1.3 percent, and memory chip giant SK Hynix advanced 3.5 percent as of 10:15 a.m.
Leading chemical LG Chem added 1.8 percent, and the No.1 steelmaker POSCO picked up 4.2 percent.
The local currency gained ground on the stock market rally. The South Korean currency was quoted at 1,134.2 won per dollar, up 0.9 won from the previous close.
The benchmark Korea Composite Stock Price Index (KOSPI) gained 24.97 points, or 1.17 percent, to trade at 2,165.64 as of 10:15 a.m. local time (0115 GMT), after taking a strong start with a 0.59 percent rise from the previous close.
The main index extended its earlier gains on expectations that global trade conflict could likely be settled down in the foreseeable future, market watchers said.
Yields on treasury bonds of major economies recently showed a stable picture, alleviating concerns about the global economic slump.
Foreigners led the KOSPI rally, with institutional investors remaining net buyers. Retail investors were net sellers in the morning trading.
Market bellwether Samsung Electronics rose 1.3 percent, and memory chip giant SK Hynix advanced 3.5 percent as of 10:15 a.m.
Leading chemical LG Chem added 1.8 percent, and the No.1 steelmaker POSCO picked up 4.2 percent.
The local currency gained ground on the stock market rally. The South Korean currency was quoted at 1,134.2 won per dollar, up 0.9 won from the previous close.
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