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Seoul shares open higher on 1st trading day of 2019

All News 10:25 January 02, 2019

SEOUL, Jan. 2 (Yonhap) -- South Korean stocks opened a tad higher Wednesday, the first day of trading in the new year, on gains from market heavyweights.

The benchmark Korea Composite Stock Price Index (KOSPI) rose 7.94 points, or 0.39 percent, to 2,048.98 in the first 15 minutes of trading.

Top cap Samsung Electronics added 0.78 percent and global chipmaker SK Hynix advanced 0.66 percent.

Leading chemicals firm LG Chem was up 1.3 percent, while Samsung Biologics, a biopharmaceutical unit of Samsung Group, increased 0.39 percent.

But No. 1 carmaker Hyundai Motor fell 0.84 percent and its sister company Kia Motors declined 1.19 percent.

The local currency was trading at 1,117.25 won against the U.S. dollar, down 1.55 won from the previous session's close.

The South Korean stock and currency markets opened an hour later than usual due to the opening ceremony for 2019.

The opening ceremony of the South Korean stock market on Jan. 2, 2019 (Yonhap)


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