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Seoul stocks start higher as oil prices stabilize

All News 09:22 June 26, 2017

SEOUL, June 26 (Yonhap) -- South Korean shares opened higher Monday as market sentiment was buoyed by a recovery in oil prices.

The benchmark Korea Composite Stock Price Index (KOSPI) climbed 6.58 points, or 0.28 percent, to 2,385.18 in the first 15 minutes of trading.

Most large caps traded mixed with market kingpin Samsung Electronics rising 1.13 percent.

Top automaker Hyundai Motor fell 0.91 percent, while top steelmaker POSCO rose 0.55 percent.

The local currency was trading at 1,134.35 won against the U.S. dollar, up 4.45 won from the previous session's close.
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