South Korea: Stocks rise for 7th straight session

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[SEOUL] South Korean shares rose to seven-week peak on Monday as refineries and shipbuilders rallied on oil price surge, though a fall in memory chip stocks limited the gains. Read more at The Business Times.

The Seoul stock market's main KOSPI closed up 13.02 points, or 0.64 per cent, at 2,062.22, marking a seventh consecutive session of gains.[SEOUL] South Korean shares rose to seven-week peak on Monday as refineries and shipbuilders rallied on oil price surge, though a fall in memory chip stocks limited the gains.

Shares of South Korean refineries and shipbuilders firmed as oil prices surged to six-month highs on fears over supply disruptions following the attack on Saudi Arabia's oil facilities on Saturday.

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