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South Korean stocks opened higher Monday as investor sentiment got a boost from gains on Wall Street, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) climbed 0.80 points, or 0.04 percent, to trade at 1,912.13 in the first 15 minutes of trading.
Shares gathered ground across the board, with LG Electronics increasing 2.1 percent while No.1 carmaker Hyundai Motor added 0.46 percent. Top chipmaker SK hynix moved up 0.78 percent.
U.S. stocks ended higher Friday on rising consumer sentiment and improved economic data from China, with the Dow Jones Industrial Average moving up 1.35 percent and the NASDAQ composite index gaining 1.38 percent.
The local currency was trading at 1,084.35 won against the U.S. dollar as of 9:15 a.m., up 1.75 won from Friday's close. (Yonhap News)
The benchmark Korea Composite Stock Price Index (KOSPI) climbed 0.80 points, or 0.04 percent, to trade at 1,912.13 in the first 15 minutes of trading.
Shares gathered ground across the board, with LG Electronics increasing 2.1 percent while No.1 carmaker Hyundai Motor added 0.46 percent. Top chipmaker SK hynix moved up 0.78 percent.
U.S. stocks ended higher Friday on rising consumer sentiment and improved economic data from China, with the Dow Jones Industrial Average moving up 1.35 percent and the NASDAQ composite index gaining 1.38 percent.
The local currency was trading at 1,084.35 won against the U.S. dollar as of 9:15 a.m., up 1.75 won from Friday's close. (Yonhap News)
