Seoul shares open higher on improved data
Published : 2013-09-03 09:28
Updated : 2013-09-03 09:28
South Korean stocks opened higher Tuesday as investor sentiment was boosted by improved economic data from China and the eurozone, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) moved up 5.93 points, or 0.31 percent, to 1,930.74 in the first 15 minutes of trading.
Tech shares traded bullish, with market behemoth Samsung Electronics adding 0.52 percent and top chipmaker SK hynix rising 0.71 percent. Samsung SDI, a local plasma display panel maker, added 1.18 percent.
Mobile carriers also gathered ground, with No. 1 SK Telecom moving up 0.45 percent and KT adding 0.95 percent. LG Uplus, the smallest player, gained 0.4 percent.
The local currency was trading at 1,096.10 won against the U.S. dollar as of 9:15 a.m., up 4.40 won from Monday's close. (Yonhap News)