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Seoul stocks higher on tech, auto gains

All News 09:21 October 04, 2016

SEOUL, Oct. 4 (Yonhap) -- South Korean shares opened higher Tuesday, led by gains in tech and auto shares.

The benchmark Korea Composite Stock Price Index (KOSPI) scored 8.1 points, or 0.4 percent, to 2,051.73 in the first 15 minutes of trading.

Top market cap Samsung Electronics rose 1.19 percent ahead of its third-quarter earnings guidance release on Thursday, and leading automaker Hyundai Motor advanced 2.58 percent.

Bio stocks dropped sharply following heavy losses in the previous session.

Hanmi Pharmaceutical, the No. 1 player, tumbled 13.09 percent after it on Friday announced its license deal on a lung cancer treatment with German drugmaker Boehringer Ingelheim ended. Its holding firm Hanmi Science also plummeted 14.21 percent.

The local currency was trading at 1,102.5 won against the U.S. dollar, down 1.2 won from the previous session's close.


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