Seoul shares edge up; Samsung Elec at 6-month high

Seoul shares inched up in morning trade on Wednesday, as Samsung Electronics climbed to its highest level in more than six months after a brokerage lifted its target price and earnings estimates for the benchmark heavyweight.

But gains for the overall market were capped after U.S. Federal Reserve Chairman Bernanke said the central bank does not have the tools to offset a potential recession if politicians fail to strike a deal to prevent a fiscal shortfall of some US$600 billion.

via Business feed http://www.scmp.com/business/money/market-snapshot/article/1087439/seoul-shares-edge-samsung-elec-6-month-high