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S. Korean shares open higher on China, Wall Street gains

All Headlines 09:25 April 14, 2016

SEOUL, April 14 (Yonhap) -- South Korean stocks started higher Thursday on the back of China's strong trade data and gains on Wall Street.

The benchmark Korea Composite Stock Price Index (KOSPI) rose 23.76 points, or 1.20 percent, to 2,005.08 in the first 15 minutes of trading.

Top market cap Samsung Electronics climbed 1.73 percent, and industry leader Hyundai Motor gained 1.68 percent.

Leading steelmaker POSCO gained 3.78 percent, and cosmetics giant AmorePacific was up 1.5 percent.

China said on Wednesday that its exports soared 11.5 percent on-year in March, adding to hopes for a recovery in the world's second-largest economy.

In New York, the Dow Jones industrial average jumped 187.03 points, or 1.06 percent, to 17,908.28, after JPMorgan Chase & Co. reported better-than-expected earnings and its shares soared 4.2 percent.

South Korea's won was trading at 1,147.65 against the U.S. dollar, down 1.85 won from the previous session's close.

lcd@yna.co.kr
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