ID :
209338
Mon, 09/26/2011 - 04:21
Auther :
Shortlink :
https://oananews.org//node/209338
The shortlink copeid
Seoul shares open higher on bargain hunting
SEOUL, Sept. 26 (Yonhap) -- South Korean stocks got off to a strong start on Monday as investors hunted for bargains following last week's steep falls, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) rose 11.44 points, or 0.67 percent, to 1,708.88 in the first 15 minutes of trading.
Shares gained ground across the board, with blue chips leading the climb. Market bellwether Samsung Electronics added 1.58 percent and No. 2 banking group KB Financial Group jumped 4.48 percent.
The KOSPI closed at 1,697.44 on Friday, plunging 8.2 percent from a week earlier, weighed down by growing investor concerns over the eurozone and U.S. debt issues.
The local currency was trading at 1,178.5 won to the U.S. dollar as of 9:15 a.m., down 12.5 won from Friday's close.
The benchmark Korea Composite Stock Price Index (KOSPI) rose 11.44 points, or 0.67 percent, to 1,708.88 in the first 15 minutes of trading.
Shares gained ground across the board, with blue chips leading the climb. Market bellwether Samsung Electronics added 1.58 percent and No. 2 banking group KB Financial Group jumped 4.48 percent.
The KOSPI closed at 1,697.44 on Friday, plunging 8.2 percent from a week earlier, weighed down by growing investor concerns over the eurozone and U.S. debt issues.
The local currency was trading at 1,178.5 won to the U.S. dollar as of 9:15 a.m., down 12.5 won from Friday's close.
