Seoul shares open higher on improved Chinese data
Published : 2013-09-10 09:32
Updated : 2013-09-10 09:32
South Korean stocks opened higher Tuesday on better-than-expected data from China, analyst said.
The benchmark Korea Composite Stock Price Index (KOSPI) moved up 7.03 points, or 0.36 percent, to 1,981.70 in the first 15 minutes of trading.
Shares gathered ground across the board, with No. 1 carmaker Hyundai Motor rising 0.81 percent and leading steelmaker POSCO adding 1.66 percent. Top chipmaker SK hyinx climbed 0.35 percent.
Logistics shares also traded bullish, with Hyundai Glovis rising 0.25 percent and Hyundai Merchant Marine moving up 2.37 percent. CJ Korea Express gained 0.4 percent.
The local currency was trading at 1,083.85 won against the U.S. dollar as of 9:15 a.m., up 2.95 won from Monday's close. (Yonhap News)