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Seoul stocks open higher on overnight U.S. gains

All News 09:27 January 04, 2018

SEOUL, Jan. 4 (Yonhap) -- South Korean stocks opened higher Thursday, taking a cue from overnight gains on Wall Street.

The benchmark Korea Composite Stock Price Index (KOSPI) climbed 5.67 points, or 0.23 percent, to 2,492.02 in the first 15 minutes of trading.

Market kingpin Samsung Electronics gained 0.74 percent, and SK hynix, a global chipmaker, advanced 2.32 percent.

Hyundai Motor, the No. 1 automaker, was down 1.66 percent, and top chemical firm LG Chem fell 0.24 percent.

POSCO, the leading steelmaker, was up 2.52 percent.

The local currency was trading at 1,066.20 won against the U.S. dollar, down 1.7 won from the previous session's close.


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