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Seoul shares open slightly higher on first day of trading in 2018

All News 10:25 January 02, 2018

SEOUL, Jan. 2 (Yonhap) -- South Korean stocks opened a tad higher Tuesday, the first day of trading in the new year, as tech and chemical shares gained ground.

The benchmark Korea Composite Stock Price Index (KOSPI) rose 1.26 point, or 0.05 percent, to 2,468.75 in the first 15 minutes of trading.

Top market cap Samsung Electronics slumped 0.16 percent, while global chipmaker SK Hynix advanced 0.26 percent.

Leading chemicals firm LG Chem was up 1.23 percent, and the country's No. 1 cosmetics maker AmorePacific jumped 2.46 percent.

The local currency was trading at 1,066.60 won against the U.S. dollar, up 3.90 won from the previous session's close.

The South Korean stock and currency market opened an hour later than usual due to the opening ceremony for 2018.


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