ID :
192852
Tue, 07/05/2011 - 04:19
Auther :
Shortlink :
https://oananews.org//node/192852
The shortlink copeid
Seoul shares open higher on foreign buying
SEOUL, July 5 (Yonhap) -- South Korean stocks started higher on Tuesday as foreign investors' buying mode underpinned the market, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) rose 6.39 points, or 0.3 percent, to trade at 2,151.69 in the first 15 minutes of trading.
Chip giant Hynix Semiconductor advanced 1.3 percent on a local media report that top shipyard Hyundai Heavy Industries will likely make a solo bid for the chipmaker. Creditors are scheduled to accept preliminary bids for Hynix by Friday.
The local currency was trading at 1,064.40 won to the U.S. dollar as of 9:15 a.m., down 0.9 won from Monday's close.
The benchmark Korea Composite Stock Price Index (KOSPI) rose 6.39 points, or 0.3 percent, to trade at 2,151.69 in the first 15 minutes of trading.
Chip giant Hynix Semiconductor advanced 1.3 percent on a local media report that top shipyard Hyundai Heavy Industries will likely make a solo bid for the chipmaker. Creditors are scheduled to accept preliminary bids for Hynix by Friday.
The local currency was trading at 1,064.40 won to the U.S. dollar as of 9:15 a.m., down 0.9 won from Monday's close.
