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Seoul stocks start higher on institutional buying

All News 09:23 December 04, 2017

SEOUL, Dec. 4 (Yonhap) -- South Korean shares opened higher Monday as local institutional investors remained net buyers of stocks.

The benchmark Korea Composite Stock Price Index (KOSPI) rose 7.62 points, or 0.31 percent, to 2,483.03 in the first 15 minutes of trading.

Most large caps traded mixed with market kingpin Samsung Electronics gaining 0.16 percent.

Top automaker Hyundai Motor fell 1.55 percent, while top steelmaker POSCO rose 0.46 percent.

The local currency was trading at 1,086.60 won against the U.S. dollar, down 0.2 won from the previous session's close.

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