ID :
201509
Tue, 08/16/2011 - 04:36
Auther :
Shortlink :
https://oananews.org//node/201509
The shortlink copeid
Seoul shares open higher on U.S. gains
SEOUL, Aug. 16 (Yonhap) -- South Korean stocks got off to a strong start on Tuesday, tracking overnight gains in Wall Street and Europe, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) rose 63.63 points, or 3.55 percent, to 1,856.93 in the first 15 minutes of trading.
South Korean tech firms gained ground, with Samsung Electronics, the world's second largest mobile phone maker, going up 3.25 percent, and its smaller rival LG Electronics rising 1.54 percent.
U.S. stocks rallied on Monday on Google's US$12.5 billion deal to buy Motorola Mobility. The Dow Jones industrial average jumped 1.9 percent and the Nasdaq composite index rose 1.88 percent.
The local currency was trading at 1,068.65 won to the U.S. dollar as of 9:15 a.m., up 9.85 won from Friday's close. The South Korean financial markets were closed Monday for Liberation Day.
The benchmark Korea Composite Stock Price Index (KOSPI) rose 63.63 points, or 3.55 percent, to 1,856.93 in the first 15 minutes of trading.
South Korean tech firms gained ground, with Samsung Electronics, the world's second largest mobile phone maker, going up 3.25 percent, and its smaller rival LG Electronics rising 1.54 percent.
U.S. stocks rallied on Monday on Google's US$12.5 billion deal to buy Motorola Mobility. The Dow Jones industrial average jumped 1.9 percent and the Nasdaq composite index rose 1.88 percent.
The local currency was trading at 1,068.65 won to the U.S. dollar as of 9:15 a.m., up 9.85 won from Friday's close. The South Korean financial markets were closed Monday for Liberation Day.
