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Seoul shares gain on EU agreement; refiners rally
by hlk Mon 12 Dec 2011, 08:30
SEOUL (Dec 12): Seoul shares opened up on Monday after European Union
leaders agreed on a plan to toughen the region's budget rules, helping
to restore some market confidence and sending large cap TECHNOLOGY [] issues and refiners higher.
Shares in LG Electronics, the world's No.3 handset maker, gained 2.1
percent and S-Oil, the country's No.3 crude oil refiner, advanced 2.7
percent.
The Korea Composite Stock Price Index (KOSPI) was up 1.44 percent at 1,901.66 points as of 0003 GMT. - Reuters
leaders agreed on a plan to toughen the region's budget rules, helping
to restore some market confidence and sending large cap TECHNOLOGY [] issues and refiners higher.
Shares in LG Electronics, the world's No.3 handset maker, gained 2.1
percent and S-Oil, the country's No.3 crude oil refiner, advanced 2.7
percent.
The Korea Composite Stock Price Index (KOSPI) was up 1.44 percent at 1,901.66 points as of 0003 GMT. - Reuters
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