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Stocks open higher on overnight US gains

South Korean stocks opened higher Tuesday, taking a cue from overnight gains on Wall Street, with market leader Samsung Electronics Co. continuing to increase.

The benchmark Korea Composite Stock Price Index climbed 4.64 points, or 0.19 percent, to 2,484.69 in the first 15 minutes of trading.

(Yonhap)
(Yonhap)

Market kingpin Samsung Electronics was 0.93 percent up after it released upbeat earnings guidance for the third quarter.

SK hynix, a major chipmaker, also soared 1.54 percent.

In contrast, Hyundai Motor, the No. 1 automaker, moved down 0.33 percent, and top chemical firm LG Chem shed 1.2 percent.

The local currency was trading at 1,128,45 won against the US dollar, up 0.45 won from the previous session's close. (Yonhap)



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