ID :
70511
Wed, 07/15/2009 - 16:28
Auther :
Shortlink :
https://oananews.org//node/70511
The shortlink copeid
Seoul stocks open higher on tech, bank gains
SEOUL, July 15 (Yonhap) -- South Korean stocks got off to a strong start Wednesday as investors picked up tech and bank shares, encouraged by overnight gains in U.S. markets, analysts said.
The benchmark Korea Composite Stocks Price Index (KOSPI) jumped 26.09 points, or
1.88 percent, to 1,411.65 in the first 15 minutes of trading.
Market leader Samsung Electronics surged nearly 4 percent, while chipmaking giant
Hynix Semiconductor rose around 2 percent. Major bank issues also traded in
positive territory.
On Tuesday, U.S. markets closed higher, mainly driven by better-than-expected
earnings by Goldman Sachs. The Dow Jones industrial average rose 0.33 percent and
the tech-laden Nasdaq composite index also gained 0.36 percent.
The local currency was trading at 1,282.85 won to the U.S. dollar as of 9:15, up
10.15 won from Tuesday's close.
The benchmark Korea Composite Stocks Price Index (KOSPI) jumped 26.09 points, or
1.88 percent, to 1,411.65 in the first 15 minutes of trading.
Market leader Samsung Electronics surged nearly 4 percent, while chipmaking giant
Hynix Semiconductor rose around 2 percent. Major bank issues also traded in
positive territory.
On Tuesday, U.S. markets closed higher, mainly driven by better-than-expected
earnings by Goldman Sachs. The Dow Jones industrial average rose 0.33 percent and
the tech-laden Nasdaq composite index also gained 0.36 percent.
The local currency was trading at 1,282.85 won to the U.S. dollar as of 9:15, up
10.15 won from Tuesday's close.
