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S. Korean stocks open slightly higher

All News 09:20 September 02, 2016

SEOUL, Sept. 2 (Yonhap) -- South Korean stocks started higher on Friday in the wake of a two-session losing streak.

The benchmark Korea Composite Stock Price Index (KOSPI) rose 2.85 points, or 0.14 percent, to 2,035.57 in the first 15 minutes of trading.

The upswing came after the KOSPI declined for the two consecutive days amid uncertainty over the timing of the U.S. interest-rate hike. Traders will closely watch the key U.S. jobs data for August to be released on Friday (local time).

Large caps started mixed. Market bellwether Samsung Electronics gained 0.95 percent, while the state-run Korea Electric Power Corp. lost 0.87 percent.

Leading automaker Hyundai Motor gained 0.38 percent, and Amore Pacific, the top cosmetics maker, advanced 1.90 percent.

The South Korean won was trading at 1,117.70 won against the U.S. greenback, up 4.40 won from the previous session's close.


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