South Korea’s Kospi pushes towards record high

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South Korea’s benchmark Kospi is staging another attempt at a record close as gains during morning trading push it above its May 2011 peak.

The index is up 0.5 per cent during morning trading in Korea at 2,232 heading for its highest closing level since 2 May 2011. The index closed at 2,228.96 on that day.

At an intraday high in the morning session, the index was up as much as 0.7 per cent at 2,234.07.

This brings gains for the Kospi in 2017 to 10.2 per cent putting it among the best-performing major Asian markets behind India, Singapore and Hong Kong.

Shares in market heavyweight Samsung Electronics were up 1.3 per cent to a record high.

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