South Korean stocks opened higher Tuesday, as investors sought to buy oversold stocks after the key index's recent plunge.
The benchmark Korea Composite Stock Price Index (KOSPI) rose 15.16 points, or 0.51 percent, to 2,978.16 in the first 15 minutes of trading.
Stocks started strong after the stock index dipped nearly 2 percent the previous session over the global spreading of the omicron variant of the new coronavirus.
Most large caps rebounded in Seoul.
Top cap Samsung Electronics added 0.91 percent, No. 2 chipmaker SK hynix increased 2.9 percent, and pharmaceutical giant Samsung Biologics climbed 0.96 percent.
Leading automaker Hyundai Motor moved up 0.73 percent, and internet portal operator Naver advanced 0.94 percent.
Among losers, electric car battery maker LG Chem lost 1.37 percent, with Samsung SDI declining 1.38 percent.
The local currency was trading at 1,189.8 won against the US dollar, down 1 won from the previous session's close. (Yonhap)
The benchmark Korea Composite Stock Price Index (KOSPI) rose 15.16 points, or 0.51 percent, to 2,978.16 in the first 15 minutes of trading.
Stocks started strong after the stock index dipped nearly 2 percent the previous session over the global spreading of the omicron variant of the new coronavirus.
Most large caps rebounded in Seoul.
Top cap Samsung Electronics added 0.91 percent, No. 2 chipmaker SK hynix increased 2.9 percent, and pharmaceutical giant Samsung Biologics climbed 0.96 percent.
Leading automaker Hyundai Motor moved up 0.73 percent, and internet portal operator Naver advanced 0.94 percent.
Among losers, electric car battery maker LG Chem lost 1.37 percent, with Samsung SDI declining 1.38 percent.
The local currency was trading at 1,189.8 won against the US dollar, down 1 won from the previous session's close. (Yonhap)
More from Headlines
-
NewsletterSubscribe Start your day with a roundup of key stories from The Korea Herald with news and comment on all that’s happening in Korea. [Robert J. Fouser] After the National Assembly election 1 out 3 Koreans live alone, family types becoming div
-
Meeting of president, opposition chief set to finally happen
-
South Korea to launch space security center under spy agency