Seoul shares inch up on institutional gains
Seoul - Yonhap
South Korean stocks ended 0.1 percent higher on Monday as institutional investors' buying of steelmaker and bank shares overshadowed losses of refiners and machinery stocks, analysts said. The local currency fell against the U.S. dollar. After trading in negative territory, the benchmark Korea Composite Stock Price Index (KOSPI) climbed 2.07 points to 2,048.74. Trading volume was light at 215 million shares worth 5.51 trillion won (US$5.07 billion), but losers outnumbered gainers 551 to 274.
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