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S. Korean shares open higher despite U.S. losses

All News 09:27 January 16, 2017

SEOUL, Jan. 16 (Yonhap) -- South Korean stocks opened higher Monday, despite overnight losses on Wall Street.

The benchmark Korea Composite Stock Price Index gained 1.08 points, or 0.05 percent, to 2,077.87 in the first 15 minutes of trading.

The broad index didn't follow the overnight losses on Wall Street. The Dow Jones industrial average lost 0.03 percent.

Large-cap stocks were mixed across the board. Market bellwether Samsung Electronics Co. gained 0.64 percent and top auto parts maker Hyundai Mobis Co. was up 0.18 percent.

Meanwhile, state-run utility firm Korea Electric Power Corp. declined 0.67 percent and No. 2 chipmaker SK hynix Inc. was down 0.70 percent.

The local currency was trading at 1,178.45 won against the U.S. dollar, down 3.75 won from the previous session's close.


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