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Stock Market Report
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- Stock Market Report
- 저작(권)자
- 저작자 미상 (저작물 2267374 건)
- 출처
- 공표년도
- 창작년도
- 2006-09-05
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UCI 로고
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Checking the day's market action in Seoul‚ here's Eugene Song at Korea Investment and Securities.
South Korea's KOSPI rose for a fourth straight day with Korea Electric Power Co and Korean Air Lines leading the charge after crude oil prices fell to a 15-week low.
The KOSPI index closed up 2.18 points or 0.2 percent at 1‚361.24 at the 3PM close in Seoul.
The KOSDAQ closed up 6.06 points or 1.03 percent at 592.83 Korea Electric‚ which supplies almost all the power in South Korea‚ rose 250 won‚ or 0.7 percent‚ to 37‚000. Oil and coal account for two-thirds of the utility's spending on fuel. Kookmin Bank rose on speculation that negotiations to buy a Korean bank from Lone Star Funds will continue.
Some exporters such as Hynix Semiconductor Inc. and LG.Philips LCD Co. fell after the won rose against the dollar for a third day‚ reducing the value of their overseas sales.
Korean Air‚ South Korea's biggest carrier‚ rose 200 won‚ or 0.6 percent‚ to 31‚550 as the cost of fuel accounts for almost a fifth of Korean Air's operating expenses. This is Eugene Song from Korea Investment & Securities. Reporter : koola@arirang.co.kr
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