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Seoul stocks open higher on tech gains

All News 09:25 July 09, 2018

SEOUL, July 9 (Yonhap) -- South Korean stocks started trading higher Monday, led by gains in large cap tech shares.

The benchmark Korea Composite Stock Price Index (KOSPI) rose 4.48 points, or 0.2 percent, to 2,277.35 in the first 15 minutes of trading.

Market kingpin Samsung Electronics moved up 1.11 percent, while SK hynix, a major chipmaker, added 0.82 percent.

No. 1 carmaker Hyundai Motor climbed 0.4 percent, and the country's largest online portal operator, Naver, gained 0.93 percent.

Pharmaceutical giant Celltrion, meanwhile, fell 0.69 percent, and top steelmaker POSCO plunged 2.88 percent.

The South Korean currency was trading at 1,114.70 won against the U.S. dollar, up 1.2 won from the previous session's close.


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