South Korean shares gain on banks, shipbuilders

Newswire

(Updates to midday) SEOUL, April 26 (Reuters) - Seoul shares rose 0.8 percent on Wednesday, as investors switched to sectors viewed as having good earnings potential, such as banks and shipbuilders, while energy-cost sensitive firms such as KEPCO gained on lower oil prices. Shares in Hyundai Engineering and Construction Co. Ltd. rose 2.36 percent to 56,500 won after the company reported net profit in the first quarter rose 46.7 percent from a year earlier. [ID:nSEO27803] However, ...

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