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Seoul stocks open higher on bargain hunting

All News 09:29 January 12, 2018

SEOUL, Jan. 12 (Yonhap) -- South Korean stocks started higher Friday as investors went bargain hunting after a correction, boosted by the upbeat gains on Wall Street.

The benchmark Korea Composite Stock Price Index moved up 6.44 points, or 0.26 percent, to 2,494.35 in the first 15 minutes of trading.

Tech shares were mixed. Top market cap Samsung Electronics dropped 2.16 percent, while SK hynix, a major chipmaker, edged up 0.55 percent.

Leading automaker Hyundai Motor slipped 0.32 percent, and top steelmaker POSCO jumped 3.55 percent.

Wall Street closed at a record high Thursday as a rise in oil prices to a three-year high lifted energy stocks.

The local currency was trading at 1,065.2 won against the U.S. dollar, up 6.8 won from the previous session's close.


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