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Seoul shares open higher on tech, auto gains

All News 09:26 January 22, 2016

SEOUL, Jan. 22 (Yonhap) -- South Korean shares opened sharply higher Friday on the back of gains in tech firms, carmakers and other blue chips.

The benchmark Korea Composite Stock Price Index (KOSPI) added 22.61 points, or 1.23 percent, to 1,863.14 in the first 15 minutes of trading.

Top tech giant Samsung Electronics added 1.41 percent, and its smaller rival LG Electronics jumped 5.66 percent. SK hynix and LG Display climbed 2.26 percent and 1.4 percent, respectively.

No. 1 carmaker Hyundai Motor moved up 1.09 percent, and Hyundai Mobis also shot up 3.96 percent. Kia Motors advanced 2.36 percent.

The local currency was trading at 1,204.80 won against the U.S. dollar as of 9:15 a.m., up 8.9 won from the previous session's close.


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