(For the midday report, please click )
SEOUL, July 22 South Korean shares rose to their
highest close in almost eight months on Tuesday as home builders
shot up on expectations that planned government stimulus
measures would benefit the property sector the most.
The Korea Composite Stock Price Index (KOSPI) closed
up 0.52 percent at 2,028.93 points, the highest close since Dec.
2. Gainers led losers 495 to 324 as foreign investors were net
buyers of 162 billion won ($158.16 million) of shares.
The construction sector index jumped 2.8 percent,
its largest one-day percentage gain since Feb. 17. Daewoo
Engineering and Construction led the way by rising
The government is due to unveil economic stimulus measures,
which traders expected to include steps aimed at propping up the
The South Korean won rose for a second
consecutive session, ending local trade up 0.23 percent at
1,024.4 per dollar, compared with Monday's close of 1,026.8.
(Reporting by Lydia Lim; Editing by Choonsik Yoo and Richard