ID :
190791
Fri, 06/24/2011 - 04:26
Auther :
Shortlink :
https://oananews.org//node/190791
The shortlink copeid
Seoul shares open higher on tech, financial gains
SEOUL (Yonhap) - South Korean stocks got off to a strong start on Friday, helped by firm gains in major technology companies and financial firms, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) jumped 17.08 points, or 0.83 percent, to 2,072.94 in the first 15 minutes of trading.
Techs continued their bull run, with market bellwether Samsung Electronics adding more than 1 percent.
Financials were also trading in positive territory, with No. 3 player Shinhan Financial Group gaining over 2 percent.
The country's top steelmaker POSCO also rose over 1 percent after joining hands with Samsung SDS in an effort to win the final bid for Korea Express, the leading logistics firm, which shot up around 10 percent.
The local currency was trading at 1,078.25 won to the U.S. dollar as of 9:15 a.m., down 1.35 won from Thursday's close.
The benchmark Korea Composite Stock Price Index (KOSPI) jumped 17.08 points, or 0.83 percent, to 2,072.94 in the first 15 minutes of trading.
Techs continued their bull run, with market bellwether Samsung Electronics adding more than 1 percent.
Financials were also trading in positive territory, with No. 3 player Shinhan Financial Group gaining over 2 percent.
The country's top steelmaker POSCO also rose over 1 percent after joining hands with Samsung SDS in an effort to win the final bid for Korea Express, the leading logistics firm, which shot up around 10 percent.
The local currency was trading at 1,078.25 won to the U.S. dollar as of 9:15 a.m., down 1.35 won from Thursday's close.
