The Korea Herald

지나쌤

Seoul shares open higher on U.S. data

By 윤민식

Published : July 2, 2013 - 09:30

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South Korean stocks opened higher Tuesday as investors' sentiment got a boost from improved economic data from the United States, analysts said.

The benchmark Korea Composite Stock Price Index (KOSPI) gained 3.16 points, or 0.17 percent, to 1,858.89 in the first 15 minutes of trading.

Shares gathered ground across the board, with Samsung Electronics adding 0.68 percent and its smaller rival LG Electronics moving up 0.27 percent. Top auto parts maker Hyundai Mobis moved up 1.48 percent.

U.S. stocks closed higher Monday on improved manufacturers and builders' data, with the Dow Jones industrial average adding 0.44 percent and the tech-laden NASDAQ composite index advancing 0.92 percent.

The local currency was trading at 1,132.50 won against the U.S. dollar as of 9:15 a.m., down 0.10 won from Monday's close. (Yonhap News)