The Korea Herald

피터빈트

Seoul shares open higher on stimulus hopes

By KH디지털3

Published : April 2, 2013 - 09:35

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South Korean stocks opened higher Tuesday as investor sentiment got a boost from the government's envisioned stimulus measures to beef up the economy, analysts said.
   
The benchmark Korea Composite Stock Price Index (KOSPI) edged up 0.87 points, or 0.04 percent, to 1,996.86 in the first 15 minutes of trading.
   
Tech shares traded higher, with market behemoth Samsung Electronics rising 0.4 percent and its smaller rival LG Electronics adding 0.62 percent.
   
Mobile carriers also gathered ground, with KT advancing 0.28 percent and No. 3 industry player LG Uplus climbing 1.12 percent.    

The local currency was trading at 1,112.25 won against the U.S. dollar as of 9:15 a.m., up 2.55 won from Monday's close.