The Korea Herald

피터빈트

Korean shares open higher on Wall Street gains

By 최희석

Published : May 25, 2016 - 09:37

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Korean stocks started higher Wednesday, following overnight gains on Wall Street.

The benchmark Korea Composite Stock Price Index (KOSPI) rose 15.99 points, or 0.83 percent, to 1,953.67 in the first 15 minutes of trading.

(Yonhap) (Yonhap)

Top market cap Samsung Electronics gained 0.24 percent, and industry leader Hyundai Motor was up 0.37 percent. The state-run Korea Electric Power Corp. also rose 1.34 percent.

In New York on Tuesday (local time), the Dow Jones industrial average jumped 213.12 points, or 1.22 percent, to 17,706.05 after news of some positive economic data and quarterly earnings.

Korea's won was trading at 1,187.80 won against the dollar, up 4.90 won from the previous session. (Yonhap)