Most Popular
-
1
Probe of first lady on Dior bag allegations set to begin
-
2
Over 80,000 millionaires, 20 billionaires in Seoul: report
-
3
Korean battery makers heave sigh of relief over 2-year IRA reprieve
-
4
Young Korean doctors seek plan B: cosmetic dermatology or overseas
-
5
South Korea open to Indonesian proposal to cut KF-21 payments
-
6
Indonesia’s KF-21 fighter jet deal cut back -- what’s next?
-
7
Police seek arrest warrant for med student who killed girlfriend
-
8
Coupang earnings hit hard by losses from ailing Farfetch
-
9
Local filmmakers criticize ‘The Roundup: Punishment’ monopoly of screens
-
10
Yoon apologizes over first lady’s Dior bag scandal, but accuses special probe attempt as political maneuvering
Korean shares opened higher Thursday as an earnings surprise from tech giant Samsung Electronics boosted investor sentiment here.
The benchmark Korea Composite Stock Price Index added 16.65 points, or 0.85 percent, to 1,969.77 in the first 15 minutes of trading.
The sharp increase came as Samsung said its Q2 operating income was estimated at 8.1 trillion won ($6.99 billion), greatly surpassing the earlier market consensus of 7.32 trillion won.
On Wednesday, the local stock market plunged 1.85 percent, joining many other global peers in a downward movement.
Led by top cap Samsung Electronics, tech shares and most large caps were in positive terrain.
Samsung added 0.70 percent, and global chipmaker SK hynix spiked 1.80 percent.
Top automaker Hyundai Motor jumped 1.54 percent, while its smaller affiliate Kia Motors also advanced 1.21 percent.
The local currency was trading at 1,158.45 won against the U.S. dollar, up 7.15 won from Wednesday's close. (Yonhap)
