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Seoul stocks open higher on U.S. gains

All News 09:20 July 21, 2016

SEOUL, July 21 (Yonhap) -- South Korean shares started higher Thursday taking a cue from overnight gains in Wall Street.

The benchmark Korea Composite Stock Price Index (KOSPI) gained 2.17 points, or 0.11 percent, to 2,017.63 in the first 15 minutes of trading.

Fueled by positive earnings reports, the Dow Jones industrial average hit a record high on Wednesday.

Most large caps traded mixed with market kingpin Samsung Electronics rising 0.13 percent.

Top automaker Hyundai Motor rose 0.39 percent, and top steelmaker POSCO also gained 0.23 percent.

Naver, the operator of the country's top internet portal, advanced 0.72 percent.

The local currency was trading at 1,142.00 won against the U.S. dollar, down 1.0 won from the previous session's close.


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