S.Korean shares gain 1.4 pct on earnings hopes

Newswire

(Updates to close) By Rafael Nam SEOUL, April 26 (Reuters) - South Korean shares rose on Wednesday, as investors switched to sectors viewed as having good good earnings potential, including banks such as Kookmin Bank and shipbuilders such as Hyundai Heavy Industries. Shares in Hyundai Engineering and Construction Co. Ltd. rose 6.7 percent to 58,900 won, their highest since June 2001, after the builder said net profit in the first quarter rose 46.7 percent from a year earlier. ...

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