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Seoul stocks open higher on overnight U.S. gains

All News 09:25 January 03, 2018

SEOUL, Jan. 3 (Yonhap) -- South Korean stocks opened higher Wednesday, taking a cue from overnight gains on Wall Street.

The benchmark Korea Composite Stock Price Index (KOSPI) rose 6.11 points, or 0.25 percent, to 2,485.76 in the first 15 minutes of trading.

Market kingpin Samsung Electronics gained 1.02 percent, and SK hynix, a major chipmaker, was up 1.7 percent.

No. 1 automaker Hyundai Motor advanced 0.67 percent, and steelmaker POSCO jumped 4.72 percent.

AmorePacific, the leading cosmetics maker, meanwhile, shed 1.12 percent.

The local currency was trading at 1,063.50 won against the U.S. dollar, down 2.3 won from the previous session's close.


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