Seoul stocks open higher on Wall Street rallies

SEOUL, July 14 (Yonhap) -- South Korean stocks opened higher Tuesday as investor
sentiment was lifted by overnight rallies in U.S. markets, analysts said.
The benchmark Korea Composite Stocks Price Index (KOSPI) jumped 17.46 points, or
1.27 percent, to 1,395.58 in the first 15 minutes of trading.
Major shares traded in positive territory after losing substantial ground during
the previous day's setbacks. Tech and steel shares drove the index higher.
On Monday, Wall Street rallied on eased anxiety over financial instability. The
Dow Jones industrial average jumped 2.27 percent and the tech-laden Nasdaq
composite index also rose 2.12 percent.
The local currency was trading at 1,299.95 won to the U.S. dollar as of 9:15, up
15.05 won from Monday's close.
kokobj@yna.co.kr
(END)