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S. Korean shares open higher despite fall on Wall Street

All News 09:20 April 12, 2016

SEOUL, April 12 (Yonhap) -- South Korean stocks started higher on Tuesday, ignoring the overnight slide on Wall Street.

The benchmark Korea Composite Stock Price Index (KOSPI) rose 5.71 points, or 0.29 percent, to 1,976.08 in the first 15 minutes of trading.

Market bellweather Samsung Electronics climbed 0.24 percent and Hyundai Motor gained 1.03 percent.

State-run Korea Electric Power Corp. was up 0.34 percent and top steelmaker POSCO also rose 0.21 percent.

In New York, the Dow Jones industrial average fell 20.55 points, or 0.12 percent, to 17,556.41, as the U.S. corporate earning season has begun amid a poor profit outlook.

South Korea's won was trading at 1,142.75 against the U.S. dollar, up 3.75 won from the previous session's close.


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