Seoul stocks hit record on exporters, oil

SEOUL, Oct 29 (Reuters) - Seoul shares extended gains to brush a lifetime high on Monday, led by exporters such as Samsung Electronics on expectations of lower U.S. interest rates, while energy stocks gained as oil prices rallied to a fresh record.

The benchmark Korea Composite Stock Price Index (KOSPI) was up 1.43 percent to 2,057.09 points by 0028 GMT, after earlier scaling a record peak of 2,059.20 points.

Samsung Electronics Co Ltd (005930.KS: Quote, Profile, Research, Stock Buzz), the world's top memory chip maker, rose 2.82 percent to 547,000 won, while No.1 oil refiner SK Energy (096770.KS: Quote, Profile, Research, Stock Buzz) gained 1.33 percent to 190,000 won.