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Stocks open higher on auto, chemicals

All News 09:18 February 03, 2017

SEOUL, Feb. 3 (Yonhap) -- South Korean stocks opened higher on Friday, driven by gains in auto and chemicals stocks.

The benchmark Korea Composite Stock Price Index (KOSPI) added 3.57 points, or 0.17 percent, to 2,074.58 in the first 15 minutes of trading.

Most large caps traded mixed with market kingpin Samsung Electronics shedding 0.46 percent.

SK hynix, a major chipmaker, fell 1.7 percent, and Naver, the operator of the country's top Internet portal, was down 0.52 percent.

In contrast, top automaker Hyundai Motor rose 1.1 percent and its smaller affiliate Kia Motors gained 1.4 percent.

LG Chem, the country's leading chemicals maker, advanced 0.73 percent.

The local currency was trading at 1,146.25 won against the U.S. dollar, up 0.55 won from the previous session's close.


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