Seoul shares firmer by noon as POSCO surges

Newswire

(Updates to noon) SEOUL, Nov 26 (Reuters) - Seoul shares were higher by noon on Friday, boosted by a surge in POSCO over steel shortages at Japanese auto makers, 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 Composite Stock Price Index (KOSPI) gained ...

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