Seoul shares post third day of gains, SK Hynix rallies

SEOUL, April 11 Thu Apr 11, 2013 2:06am EDT

Related Topics

SEOUL, April 11 (Reuters) - South Korean shares rose for a third day on Thursday as bargain-hunting drove tech stocks higher, recovering from a dip following the central bank's decision to hold the base rate.

The Korea Composite Stock Price Index (KOSPI) closed up 0.7 percent at 1,949.80 points, climbing out of a four and a half-month month low hit in Monday's trading.

Shares of SK Hynix rose 3.8 percent after a brokerage firm raised the chipmaker's target price on an improving outlook for its January-March earnings.

(Reporting by Somang Yang; Editing by Matt Driskill)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.