South Korea shares climb over 1,900-mark as Samsung jumps

PUBLISHED : Friday, 23 November, 2012, 3:23pm
UPDATED : Friday, 23 November, 2012, 3:23pm

South Korean shares rose on Friday, as investors snapped up tech shares ahead of the year-end shopping season, pushing index heavyweight Samsung Electronics to a fresh lifetime high.

Samsung Electronics, which closed at a record high on Thursday, advanced a further 1.4 per cent. The world’s largest smartphone maker by market share has about a 17 per cent weighting in the KOSPI.

The Korea Composite Stock Price Index (KOSPI) finished above 1,900-mark for the first time in nearly two weeks, rising 0.6 per cent to 1.911.33 points.