ID :
203376
Thu, 08/25/2011 - 06:36
Auther :
Shortlink :
https://oananews.org//node/203376
The shortlink copeid
Seoul shares open higher on exporter gains
SEOUL, Aug. 25 (Yonhap) -- South Korean stocks got off to a strong start on Thursday, fueled by firm gains in blue-chip exporters, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) jumped 38.12 points, or 2.17 percent, to 1,792.9 in the first 15 minutes of trading.
Market heavyweights led the climb with No. 1 chipmaker Samsung Electronics rising almost 4 percent and top automaker Hyundai Motor surging around 5 percent.
Foreigners and institutions beefed up shares, while retail investors opted for profit-taking.
The local currency was trading at 1,081.85 won to the U.S. dollar as of 9:15 a.m., up 0.35 won from Wednesday's close.
The benchmark Korea Composite Stock Price Index (KOSPI) jumped 38.12 points, or 2.17 percent, to 1,792.9 in the first 15 minutes of trading.
Market heavyweights led the climb with No. 1 chipmaker Samsung Electronics rising almost 4 percent and top automaker Hyundai Motor surging around 5 percent.
Foreigners and institutions beefed up shares, while retail investors opted for profit-taking.
The local currency was trading at 1,081.85 won to the U.S. dollar as of 9:15 a.m., up 0.35 won from Wednesday's close.
