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S. Korean shares open higher on large cap gains

All Headlines 09:21 January 12, 2017

SEOUL, Jan. 12 (Yonhap) -- South Korean shares opened slightly higher on Thursday, helped by advances by large caps and overnight gains on Wall Street.

The benchmark Korea Composite Stock Price Index (KOSPI) added 5.02 points, or 0.24 percent, to 2,080.19 in the first 15 minutes of trading.

The Dow Jones industrial average advanced 0.50 percent to 19,954.28 on Wednesday (New York time).

Most large caps were in positive terrain while top cap Samsung Electronics gained 0.16 percent, one day after it reached a record high of 1,914,000 won (US$1,620).

Global chipmaker SK hynix plunged 1.16 percent, but top portal operator Naver spiked 1.39 percent.

Leading automaker Hyundai Motor added 0.34 percent, while top steelmaker POSCO advanced 0.93 percent.

The local currency was trading at 1,181.20 won against the U.S. dollar, up 15.20 won from the previous session's close.


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