Most Popular
-
1
Actor Jung Woo-sung admits to being father of model Moon Ga-bi’s child
-
2
Wealthy parents ditch Korean passports to get kids into international school
-
3
Man convicted after binge eating to avoid military service
-
4
First snow to fall in Seoul on Wednesday
-
5
Final push to forge UN treaty on plastic pollution set to begin in Busan
-
6
Industry experts predicts tough choices as NewJeans' ultimatum nears
-
7
Korea to hold own memorial for forced labor victims, boycotting Japan’s
-
8
Nvidia CEO signals Samsung’s imminent shipment of AI chips
-
9
Job creation lowest on record among under-30s
-
10
Opposition chief acquitted of instigating perjury
[THE INVESTOR] South Korean shares traded 0.18 percent higher late morning on Aug. 4 as crude oil rebounded after US inventories data showed a drop in gasoline stockpiles.
The benchmark KOSPI gained 3.53 points to 1,998.32 as of 11:20 a.m.
Chemical shares led the gains after West Texas Intermediate crude jumped 3.3 percent to settle at $40.83 a barrel on Aug. 3, after declining 5 percent over the previous two sessions.
SK Innovation, the nation‘s largest refiner, jumped 3.87 percent, and No. 3 S-Oil increased 2.52 percent.
In contrast, auto shares retreated as the stronger local currency fueled concerns over their price competitiveness in the overseas market.
Leading automaker Hyundai Motor declined 1.89 percent, and its sister company Kia Motor inched down 0.12 percent.
The local currency was changing hands at 1,113.7 won against the US dollar, up 3.9 won from the previous session’s close.
(theinvestor@heraldcorp.com)
The benchmark KOSPI gained 3.53 points to 1,998.32 as of 11:20 a.m.
Chemical shares led the gains after West Texas Intermediate crude jumped 3.3 percent to settle at $40.83 a barrel on Aug. 3, after declining 5 percent over the previous two sessions.
SK Innovation, the nation‘s largest refiner, jumped 3.87 percent, and No. 3 S-Oil increased 2.52 percent.
In contrast, auto shares retreated as the stronger local currency fueled concerns over their price competitiveness in the overseas market.
Leading automaker Hyundai Motor declined 1.89 percent, and its sister company Kia Motor inched down 0.12 percent.
The local currency was changing hands at 1,113.7 won against the US dollar, up 3.9 won from the previous session’s close.
(theinvestor@heraldcorp.com)
