ID :
190246
Wed, 06/22/2011 - 05:32
Auther :
Shortlink :
https://oananews.org//node/190246
The shortlink copeid
Seoul shares open higher on U.S. gains
SEOUL (Yonhap) - South Korean stocks got off to a strong start on Wednesday as investor sentiment got a boost from overnight rallies on Wall Street, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) soared 15.95 points, or 0.78 percent, to 2,064.12 in the first 15 minutes of trading.
Shares gained ground across the board, with techs fueling the climb. Market bellwether Samsung Electronics rose nearly 2 percent and Hynix Semiconductor, the world's No. 2 chipmaker, jumped almost 3 percent.
Heavy industry firms were also bullish, with top shipyard Hyundai Heavy Industries adding more than 3 percent.
Banks, however, underperformed the market with the state-run Industrial Bank of Korea slumping around 5 percent.
The local currency was trading at 1,074.3 won to the U.S. dollar as of 9:15 a.m., up 4.6 won from Tuesday's close.
The benchmark Korea Composite Stock Price Index (KOSPI) soared 15.95 points, or 0.78 percent, to 2,064.12 in the first 15 minutes of trading.
Shares gained ground across the board, with techs fueling the climb. Market bellwether Samsung Electronics rose nearly 2 percent and Hynix Semiconductor, the world's No. 2 chipmaker, jumped almost 3 percent.
Heavy industry firms were also bullish, with top shipyard Hyundai Heavy Industries adding more than 3 percent.
Banks, however, underperformed the market with the state-run Industrial Bank of Korea slumping around 5 percent.
The local currency was trading at 1,074.3 won to the U.S. dollar as of 9:15 a.m., up 4.6 won from Tuesday's close.
