* Shares log largest daily pct gain since Jan. 2
* Exporters rise; Samsung Elec gains 1.3 pct
By Joyce Lee
SEOUL, Feb 13 Seoul shares climbed to a
three-week closing high on Wednesday as a firmer Japanese yen
helped exporters like Samsung Electronics and as foreign
investors extended their buying.
The Korea Composite Stock Price Index (KOSPI) rose
1.6 percent to 1,976.07 points, outperforming Asian peers
and logging its biggest daily percentage gain
since Jan. 2.
"The yen's value against the dollar neared 92 yen, spurring
expectations that effects of the weakening yen will be dampened
and driving foreign purchases," said Jun Gyun, an analyst at
Sharp declines in the yen and a stronger won had dragged on
South Korean large-caps in January as the currency moves
increased the value of overseas earnings for Japanese rivals and
made them more price competitive.
The KOSPI, which retreated 0.3 percent on Tuesday after
North Korea's nuclear test, showed resiliency by regaining lost
ground faster than after previous nuclear tests by the country
in 2006 and 2009.
Foreigners were net buyers for the fourth session in a row
before the expiry of options as well as a rate decision by the
Bank of Korea on Thursday.
Index heavyweight Samsung Electronics rose 1.3
percent, gaining for the third straight session to its highest
close since Jan. 16.
Most sectors were bullish, led by oil and chemical shares
as well as steelmakers. Oil refiner SK
Innovation rose 4.4 percent and POSCO
added 1.3 percent.
Some defensive stocks were soft, with food processor CJ
Cheiljedang down 1.2 percent and GS Retail
falling 2 percent.
Gainers outnumbered decliners 600 to 231.
The KOSPI 200 benchmark of core stocks closed up
1.7 percent and the junior KOSDAQ rose 0.9 percent.
Move on day +1.6 percent
12-month high 2,057.28 14 March 2012
12-month low 1,769.31 25 July 2012
Change on yr -2.7 percent
All-time high 2,231.47 27 April 2011
All-time low 93.10 6 January 1981
(Editing by Chris Gallagher)