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Seoul shares open higher following slump

All Headlines 09:28 March 11, 2019

SEOUL, March 11 (Yonhap) -- South Korean stocks started slightly higher Monday, following last week's steep losses amid lingering concerns over the global economic slowdown.

The benchmark Korea Composite Stock Price Index (KOSPI) added 2.58 points, or 0.12 percent, to reach 2,140.02 in the first 15 minutes of trading.

The index moved up in early trading as investors engaged in bargain hunting following a six-day losing streak.

Tech blue chips were in positive territory.

Market bellwether Samsung Electronics gained 1.14 percent, and chip maker SK hynix advanced 0.9 percent.

In contrast, auto shares were bearish.

Top automaker Hyundai Motor retreated 0.42 percent, and its parts maker Hyundai Mobis lost 1.23 percent.

The local currency was trading at 1,135.5 won against the U.S. dollar, up 0.7 won from the previous session's close.


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