ID :
197146
Tue, 07/26/2011 - 07:04
Auther :
Shortlink :
https://oananews.org//node/197146
The shortlink copeid
Seoul shares open higher on refiner gains
SEOUL, July 26 (Yonhap) -- South Korean stocks started higher on gains in oil refiners on Tuesday, despite overnight Wall Street losses, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) added 0.26 percent, or 5.67 points, to 2,156.15 in the first 15 minutes of trading.
Leading refiner SK Innovation rose 1.2 percent and No. 3 player S-Oil jumped 1.63 percent, and top automaker Hyundai Motor also went up 0.85 percent. In contrast, market bellwether Samsung Electronics dropped 0.24 percent.
U.S. stocks dipped on Monday as lawmakers in Washington failed to agree to raise the debt ceiling to avoid a default.
The local currency was trading at 1,055.15 won to the greenback as of 9:15 a.m., up 1.05 won from Monday's close.
The benchmark Korea Composite Stock Price Index (KOSPI) added 0.26 percent, or 5.67 points, to 2,156.15 in the first 15 minutes of trading.
Leading refiner SK Innovation rose 1.2 percent and No. 3 player S-Oil jumped 1.63 percent, and top automaker Hyundai Motor also went up 0.85 percent. In contrast, market bellwether Samsung Electronics dropped 0.24 percent.
U.S. stocks dipped on Monday as lawmakers in Washington failed to agree to raise the debt ceiling to avoid a default.
The local currency was trading at 1,055.15 won to the greenback as of 9:15 a.m., up 1.05 won from Monday's close.
