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S. Korean shares open slightly higher on upbeat mood

All News 09:20 June 08, 2016

SEOUL, June 8 (Yonhap) -- South Korean stocks opened slightly higher Wednesday, on reduced chance for U.S. rate hike and rising oil prices.

The benchmark Korea Composite Stock Price Index (KOSPI) rose 0.21 point, or 0.01 percent, to 2,011.84 in the first 15 minutes of trading.

Market leader Samsung Electronics added 0.36 percent and Samsung SDS, a key IT affiliate of the country's No. 1 conglomerate Samsung Group, also was up 2.99 percent. Top automaker Hyundai Motor, meanwhile, shed 0.36 percent.

The benchmark Western Texas Intermediate (WTI) rose by 1.4 percent on Tuesday (local time), breaching the 50-dollar mark per barrel for the first time since last July.

South Korea's won was trading at 1,158.10 won against the U.S. dollar, up 4.60 won from the previous session


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