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S. Korean shares open higher on Wall Street gains

All Headlines 09:23 October 13, 2016

SEOUL, Oct. 13 (Yonhap) -- South Korean shares opened a tad higher Thursday, tracking overnight gains on Wall Street.

The benchmark Korea Composite Stock Price Index (KOSPI) added 0.15 point, or 0.01 percent, to 2,033.88 in the first 15 minutes of trading.

The slight increase followed overnight gains on Wall Street. Dow Jones industrial average gained 0.09 percent to close at 18,144.20 on Wednesday (New York time).

Market bellwether Samsung Electronics spiked 2.41 percent, somewhat recovering from an earlier plunge caused by its decision to halt global sales of the Galaxy Note 7 smartphone.

Other large caps traded mixed.

Hyundai Motor, the country's top automaker, lost 0.73 percent, while global chipmaker SK hynix added 0.36 percent.

Top portal operator Naver plunged 1.27 percent, while top chemicals producer LG Chemical retreated 0.42 percent.

The local currency was trading at 1,127.65 won against the U.S. dollar, down 4.05 won from the previous session's close.

bdk@yna.co.kr
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