Seoul: Stocks hit fresh highs for fourth straight session

[SEOUL] South Korean shares notched fresh highs for a fourth consecutive session on Wednesday as offshore and individual investors bet on encouraging third-quarter corporate earnings.

The Korea Composite Stock Price Index (KOSPI) ended 0.1 per cent up at 2,492.50 points, setting a record closing high.

Foreign investors and individuals purchased stocks worth a net 110.8 billion won (S$133.8 million) and 59.4 billion won, respectively, while domestic institutions offloaded 167.9 billion won.

LG Display profits for the September quarter surged, helped by strong demand for its screens used in high-end TV sets as well as mobile devices.

Shares in LG Display gained 0.2 per cent, as the positive earnings result largely matched expectations.

The South Korean won was quoted at 1,127.9 to the US dollar at the conclusion of onshore trade, almost unchanged from Tuesday's close of 1,127.4.

REUTERS