Seoul shares firm by mid-morning on POSCO surge

Newswire

(Updates to mid-morning) SEOUL, Nov 26 (Reuters) - Seoul shares rose just over 1 percent by mid-morning on Friday, boosted by a surge in POSCO after Japanese auto makers said they faced steel shortages, and as oil refiners benefited from a strong won currency. "A stronger won is benefiting POSCO, oil refiners, and others that need to import raw materials, and that's helping push up the index," said Kim Hyun-tae, a fund manager at Woori Investment Trust Management. The benchmark Korea ...

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