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Seoul shares open slightly higher on tech gains

By Yonhap

Published : Jan. 22, 2024 - 09:26

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An electronic board showing the Korea Composite Stock Price Index at a dealing room of the Hana Bank headquarters in Seoul on Monday. (Yonhap) An electronic board showing the Korea Composite Stock Price Index at a dealing room of the Hana Bank headquarters in Seoul on Monday. (Yonhap)

South Korean stocks opened slightly higher Monday on the back of gains from technology shares.

The benchmark Korea Composite Stock Price Index rose 4.81 points, or 0.19 percent, to 2,477.55 in the first 15 minutes of trading.

South Korea's top tech giant Samsung Electronics moved up 0.67 percent, and No. 2 chipmaker SK hynix gained 2.41 percent.

Naver, which operates the country's top online portal, shot up 2.32 percent, with Kakao also advancing 1.74 percent.

Pharmaceutical shares were among major winners as well, with Samsung Biologics increasing 0.52 percent and Celltrion adding 1.7 percent.

The local currency was trading at 1,335.7 won against the US dollar, up 3.3 won from the previous session's close. (Yonhap)