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Stocks open higher on tech, steel

All News 09:22 June 09, 2017

SEOUL, June 9 (Yonhap) -- South Korean stocks opened higher Friday on the back of strong gains in technology firms and steelmakers.

The benchmark Korea Composite Stock Price Index (KOSPI) advanced 8.65 points, or 0.37 percent, to 2,372.22 in the first 15 minutes of trading.

Tech shares kicked off bullish, with Samsung Electronics rising 1.51 percent and SK hynix jumping 1.06 percent. LG Electronics moved up 2.07 percent.

Steelmakers also opened higher, with No. 1 POSCO increasing 2.04 percent and Hyundai Steel climbing 1.02 percent.

The local currency was trading at 1,122.50 won against the U.S. dollar, down 0.40 from the previous session's close.


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