Search the web
Yahoo!

News Home Top Stories World Asia Pacific Business Technology Entertainment Sports Photos
 Yahoo! Asia News
Search Yahoo! News
advertisement

Friday September 14, 2:10 PM

S.Korean shares up for 2nd day; POSCO hits record

SEOUL, Sept 14 (Reuters) - Seoul shares closed 1.2 percent up on Friday, marking a second day of gains, as POSCO hit a record amid expectations for higher steel prices, while shipbuilders such as Daewoo rallied as they continued to win new orders.

The benchmark Korea Composite Stock Price Index (KOSPI) rose 1.2 percent to end at 1,870.02 points.

POSCO Co Ltd touched a record 614,000 won, ending the session up 3.9 percent at 612,000 won, as investors expected stronger global demand to bolster steel prices.

Daewoo Shipbuilding and Marine Engineering Co advanced 2.8 percent to 55,500 won after announcing its latest ship order. [ID:nSEL000113]

 


Copyright © 2005 Reuters Limited. All rights reserved. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of Reuters Limited

Copyright © 2007 Yahoo! Singapore Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved.
Privacy Policy - Terms of Service - Community - Help