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Stocks open higher on Samsung, other heavyweights

All News 09:20 January 11, 2017

SEOUL, Jan. 11 (Yonhap) -- South Korean stocks opened higher on Wednesday, aided by a rise in top-cap Samsung Electronics and other market heavyweights.

The benchmark Korea Composite Stock Price Index (KOSPI) rose 9.64 points, or 0.47 percent, to 2,054.76 in the first 15 minutes of trading.

Most large caps traded mixed with market kingpin Samsung Electronics rising 1.07 percent.

Chipmaker SK hynix was up 2.31 percent.

Top automaker Hyundai Motor shed 1.97 percent while its smaller affiliate Kia Motors was down 0.86 percent.

SK Innovation, the country's No.1 refiner, advanced 0.96 percent and LG Chem, the leading chemicals firm, gained 1.5 percent.

The local currency was trading at 1,199.05 won against the U.S. dollar, down 4.35 won from the previous session's close.


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