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South Korean stocks rallied more than 1 percent Tuesday, taking cue from gains in the U.S. and other major stock markets following the abated concerns over the negative impact of the latest terrorists attack in Paris. The local currency gained against the U.S. dollar.
The benchmark Korea Composite Stock Price Index climbed 20.56 points, or 1.06 percent, to 1,963.58. Trading volume was moderate at 408.7 billion shares worth 4.43 trillion won ($3.79 billion) with gainers outpacing losers 643 to 191.
The adverse impact of the terror attacks in Europe will have a limited impact on the global financial market in the long run, according to the analysts.
"The South Korean stock market closed higher moving in tandem with gains in other major stock markets," said Bae Sung-young, an analyst at Hyundai Securities Co.
European stock markets, including London and Frankfurt, closed higher overnight, although that of Paris ended bearish.
Foreigners offloaded a net 149 billion won, while retail investors sold a net 87.2 billion won. Institutions bought more shares than they sold at 145,571 won.
Tech shares closed bullish, with Samsung Electronics increasing 0.55 percent to 1,270,000 won and its rival LG Electronics advancing 2.6 percent to 55,200 won. SK hynix added 0.33 percent to 30,600 won.
Builders were also among winners, with Hyundai Engineering & Construction rising 3.26 percent to 31,650 won and Daewoo Engineering & Construction moving up 2.28 percent to 6,270 won.
Daelim Industrial rose 0.71 percent to 70,600 won.
Top steelmaker POSCO advanced 2.72 percent to 170,000 won, and Korea Zinc climbed 0.79 percent to 448,500 won. Hyundai Steel advanced 1.82 percent to 50,400 won.
Carmakers, on the other hand, closed in negative terrain, with No. 1 Hyundai Motor falling 0.63 percent to 157,000 won and its sister Kia Motors losing 1.58 percent to 56,000 won. Auto-parts maker Hyundai Mobis also shed 1.82 percent to 242,500 won.
The local currency ended at 1,170.40 won against the greenback, up 3.70 won from Monday's close. (Yonhap)
The benchmark Korea Composite Stock Price Index climbed 20.56 points, or 1.06 percent, to 1,963.58. Trading volume was moderate at 408.7 billion shares worth 4.43 trillion won ($3.79 billion) with gainers outpacing losers 643 to 191.
The adverse impact of the terror attacks in Europe will have a limited impact on the global financial market in the long run, according to the analysts.
"The South Korean stock market closed higher moving in tandem with gains in other major stock markets," said Bae Sung-young, an analyst at Hyundai Securities Co.
European stock markets, including London and Frankfurt, closed higher overnight, although that of Paris ended bearish.
Foreigners offloaded a net 149 billion won, while retail investors sold a net 87.2 billion won. Institutions bought more shares than they sold at 145,571 won.
Tech shares closed bullish, with Samsung Electronics increasing 0.55 percent to 1,270,000 won and its rival LG Electronics advancing 2.6 percent to 55,200 won. SK hynix added 0.33 percent to 30,600 won.
Builders were also among winners, with Hyundai Engineering & Construction rising 3.26 percent to 31,650 won and Daewoo Engineering & Construction moving up 2.28 percent to 6,270 won.
Daelim Industrial rose 0.71 percent to 70,600 won.
Top steelmaker POSCO advanced 2.72 percent to 170,000 won, and Korea Zinc climbed 0.79 percent to 448,500 won. Hyundai Steel advanced 1.82 percent to 50,400 won.
Carmakers, on the other hand, closed in negative terrain, with No. 1 Hyundai Motor falling 0.63 percent to 157,000 won and its sister Kia Motors losing 1.58 percent to 56,000 won. Auto-parts maker Hyundai Mobis also shed 1.82 percent to 242,500 won.
The local currency ended at 1,170.40 won against the greenback, up 3.70 won from Monday's close. (Yonhap)
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