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Seoul stocks start slightly higher on bio, chemicals

All News 09:23 July 12, 2018

SEOUL, July 12 (Yonhap) -- South Korean stocks opened a tad higher Thursday, led by gains in large-cap bio and chemical shares despite overnight losses on Wall Street.

The benchmark Korea Composite Stock Price Index (KOSPI) rose 2.39 points, or 0.1 percent, to 2,283.01 in the first 15 minutes of trading.

Market kingpin Samsung Electronics fell 0.98 percent, and SK hynix, a major chipmaker, was down 0.58 percent.

Pharmaceutical giant Celltrion gained 1.27 percent, and Samsung Biologics, the healthcare unit of Samsung Group, advanced 0.84 percent.

Chemical shares were also among the winners, with LG Chem edging up 0.15 percent.

Top automaker Hyundai Motor advanced 0.82 percent, and leading steelmaker POSCO was up 0.48 percent.

Naver, the country's largest web portal operator, lost 0.13 percent.

The South Korean currency was trading at 1,128.30 won against the U.S. dollar, down 8.3 won from the previous session's close.


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