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Seoul stocks open higher on overnight U.S. gains

All News 09:24 January 05, 2018

SEOUL, Jan. 5 (Yonhap) -- South Korean stocks opened higher Friday, taking a cue from overnight gains on Wall Street.

The benchmark Korea Composite Stock Price Index (KOSPI) rose 13.98 points, or 0.57 percent, to 2,480.44 in the first 15 minutes of trading.

The Dow Jones industrial average climbed 0.61 percent, with the tech-heavy Nasdaq composite index advancing 0.18 percent.

Market kingpin Samsung Electronics was up 0.43 percent, and SK hynix, a major chipmaker, increased 2.59 percent.

No. 1 automaker Hyundai Motor added 0.68 percent, while top steelmaker POSCO remained unchanged.

Naver, the country's largest Internet portal operator, was down 0.78 percent.

The local currency was trading at 1,062.00 won against the U.S. dollar, up 0.2 won from the previous session's close.


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