(For the midday report, please click )
SEOUL Feb 25 South Korean shares hit a
one-month high on Tuesday as sentiment was boosted by a
record-breaking performance on Wall Street and plans from the
South Korean government to improve Asia's fourth-largest
The Korea Composite Stock Price Index (KOSPI) closed
up 0.8 percent the day's high of 1,964.86 points on Tuesday, its
highest closing level since Jan. 22.
Foreign investors bought a net 230.1 billion won ($214.15
million) worth of KOSPI shares in their third straight buying
South Korea's president unveiled on Tuesday a three-year
blueprint to steer the country's economy towards the next phase
of growth, promising to reduce South Korea's reliance on exports
and increased employment among women.
Stocks of Naver Corp finished up 7.5 percent
after reports said Japan's SoftBank Corp was seeking to
buy a stake of Naver's mobile-messaging service Line Corp. Naver
has since denied the reports.
($1 = 1074.5000 Korean won)
(Reporting by Christine Kim; Editing by Kim Coghill)