Seoul shares open higher on utility, telecom shares
Published : 2013-12-30 09:25
Updated : 2013-12-30 09:25
South Korean stocks started slightly higher on Monday with gains in utility and telecom stocks, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) rose 0.77 point, or 0.04 percent, to 2,002.82 in the first 15 minutes of trading.
Utility and telecom shares led the overall market rise with SK Telecom rising 1.54 percent.
But tech and other major market cap shares remained in negative terrain. Top market cap Samsung Electronics lost 0.93 percent.
The local currency was trading at 1,055.25 won against the U.S. dollar as of 9:15 a.m., up 1.35 won from Friday's close. (Yonhap News)