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Stocks open higher on US gains

South Korean stocks opened higher Monday, taking a cue from a rise in US stocks last week, with market leader Samsung Electronics Co. continuing to increase.

The benchmark Korea Composite Stock Price Index climbed 6.43 points, or 0.26 percent, to 2,480.05 in the first 15 minutes of trading.

(Yonhap)
(Yonhap)

Market kingpin Samsung Electronics was 0.41 percent up after it released an upbeat earnings guidance for the third quarter.

SK hynix, a major chipmaker, also improved 0.35 percent.

In contrast, Hyundai Motor, the No. 1 automaker, moved down 1.29 percent, and Korea Electric Power Corp. shed 1.02 percent.

The local currency was trading at 1,126.95 won against the US dollar, up 1.95 won from the previous session's close. (Yonhap)
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