ID :
196417
Fri, 07/22/2011 - 04:33
Auther :
Shortlink :
https://oananews.org//node/196417
The shortlink copeid
Seoul shares open higher on eased eurozone debt woes
SEOUL, July 22 (Yonhap) -- South Korean stocks got off to a strong start on Friday as overnight Wall Street rallies and relief about Europe's debt troubles boosted investor sentiment here, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) rose 0.91 percent, or 19.5 points, to 2,164.54 in the first 15 minutes of trading.
Stocks traded in positive territory across the board with market bellwether Samsung Electronics jumping 1.07 percent.
In contrast, shares of LG Display dropped 2.64 percent. The world's second largest liquid crystal display maker reported a third straight quarterly loss for the second quarter on Thursday.
U.S. stocks finished their Thursday session with a bull run as European leaders agreed to provide loans to Greece and other troubled countries at a lower interest rate and for longer maturities. The Dow Jones industrial average jumped 1.21 percent and the tech-focused Nasdaq composite index added 0.72 percent.
The local currency was trading at 1,051.9 won to the greenback as of 9:15 a.m., up 2.8 won from Thursday's close.
The benchmark Korea Composite Stock Price Index (KOSPI) rose 0.91 percent, or 19.5 points, to 2,164.54 in the first 15 minutes of trading.
Stocks traded in positive territory across the board with market bellwether Samsung Electronics jumping 1.07 percent.
In contrast, shares of LG Display dropped 2.64 percent. The world's second largest liquid crystal display maker reported a third straight quarterly loss for the second quarter on Thursday.
U.S. stocks finished their Thursday session with a bull run as European leaders agreed to provide loans to Greece and other troubled countries at a lower interest rate and for longer maturities. The Dow Jones industrial average jumped 1.21 percent and the tech-focused Nasdaq composite index added 0.72 percent.
The local currency was trading at 1,051.9 won to the greenback as of 9:15 a.m., up 2.8 won from Thursday's close.