Seoul shares edged up on Tuesday to their seventh consecutive record close0 as recently beleaguered exporters such as Hyundai Motor continued to climb on growing optimism about their earnings outlooks.
Hynix Semiconductor Inc rose 0.98 percent to 30,800 won after analysts at CLSA Asia-Pacific Markets said the chip maker may sell some of its older memory fabrication lines to Taiwan's TSMC in a report dated Sunday.
The benchmark Korea Composite Stock Price Index (KOSPI) rose 0.26 percent to a record finish of 1,742.19 points. The index hit earlier on Tuesday hit a session high of 1745.99, its sixth intraday high in seven sessions, before Wednesday's pause, when financial markets will be closed for a public holiday.
Hyundai Motor Co rose for a second day, ending up 1.92 percent to 69,000 won. POSCO, ending down 1.37 percent at 467,000 won after a record 479,000 won on Monday. Hyundai Heavy Industries Co fell 1.97 percent to 324,000 won after hitting an all-time high of 334,000 won in the previous session.
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