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S. Korean shares open higher on tech gains

All News 09:19 June 03, 2016

SEOUL, June 3 (Yonhap) -- South Korean shares opened a tad higher Friday on the back of a continued rise in Samsung Electronics and other tech firms.

The benchmark Korea Composite Stock Price Index (KOSPI) rose 1.95 points, or 0.1 percent, to 1,987.06 in the first 15 minutes of trading.

Most large caps traded mixed with market kingpin Samsung Electronics continuing its upward march to rise 0.22 percent. Global chipmaker SK hynix was also up 1.43 percent.

Samsung C&T, the de facto holding firm of Samsung Group, advanced 4.82 percent

In contrast, top automaker Hyundai Motor remained flat, and its smaller affiliate Kia Motors fell 0.54 percent.

The local currency was trading at 1,188.15 won against the U.S. dollar, down 1.55 won from the previous session's close.


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