The Korea Herald

소아쌤

Seoul stocks open higher on tech gains

By Yonhap

Published : Aug. 3, 2021 - 09:48

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The benchmark Korea Composite Stock Price Index (Kospi) figures are displayed at a dealing room of a local bank in Seoul, Tuesday. (Yonhap) The benchmark Korea Composite Stock Price Index (Kospi) figures are displayed at a dealing room of a local bank in Seoul, Tuesday. (Yonhap)
South Korean stocks opened higher Tuesday, led by gains in major tech firms.

The benchmark Korea Composite Stock Price Index (Kospi) added 5.53 points, or 0.17 percent, to trade at 3,228.57 in the first 25 minutes of trading.

Stocks got off to a solid start as tech heavyweights jumped on speculations of high global demand.

In Seoul, market kingpin Samsung Electronics rose 1.64 percent, and No. 2 chipmaker SK hynix advanced 3.02 percent.

Giant pharmaceutical firm Samsung Biologics lost 0.33 percent, but battery maker Samsung SDI gained 1.34 percent. Internet portal operator Naver declined 1.27 percent.

Top automaker Hyundai Motor decreased 0.68 percent, with leading chemical firm LG Chem slipping 0.12 percent.

The local currency was trading at 1,148.7 won against the US dollar, up 2.2 won from the previous session's close. (Yonhap)