Seoul shares open higher on tech, telecom gains
Published : 2013-12-23 09:30
Updated : 2013-12-23 09:30
South Korean stocks got off to a strong start Monday buoyed by gains in tech and auto companies, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) shot up 9.38 points, or 0.47 percent, to 1,992.73 in the first 15 minutes of trading.
Top market cap Samsung Electronics gained 0.63 percent, and industry leader Hyundai Motor climbed 1.56 percent.
The local currency was trading at 1,061.61 won against the U.S. dollar as of 9:15 a.m., up 0.4 won from Friday's close. (Yonhap News)