Seoul stocks open higher on economic recovery hopes
SEOUL, June 4 (Yonhap) -- South Korean stocks opened higher Thursday on hopes of an economic recovery, led by chipmakers.
The benchmark Korea Composite Stock Price Index (KOSPI) rose 32.02 points, or 1.49 percent, to 2,179.02 in the first 15 minutes of trading.
The gain is largely attributed to rising hope for an economic rebound. The country's largest-ever extra budget proposal to fight the fallout of the new coronavirus also fueled the optimism.
Large caps mostly traded higher with chipmakers, financials and shipbuilders leading the gain.
Market bellwether Samsung Electronics jumped 3.12 percent, while No. 2 chipmaker SK hynix gained 1.8 percent.
Shinhan Financial Group climbed 1.4 percent, and top steelmaker POSCO advanced 0.99 percent. Samsung Heavy Industries shot up 5.45 percent.
The local currency was trading at 1,216.55 won against the U.S. dollar, up 0.25 won from the previous session's close.
jwc@yna.co.kr
(END)
-
BTS member Jimin's 'hanbok' suit up for auction
-
BTS enters Billboard Hot 100 with new Japanese single
-
'Dynamite' becomes 3rd BTS video to top 1 bln views
-
S. Korea, U.S. authorities assess N.K. has completed building new 3,000-ton submarine: sources
-
BTS to stream concerts in weekend Bang Bang Con event
-
BTS member Jimin's 'hanbok' suit up for auction
-
BTS enters Billboard Hot 100 with new Japanese single
-
From Rose to Baekhyun, K-pop group idols also shine as solo acts
-
BTS to stream concerts in weekend Bang Bang Con event
-
(LEAD) Seoul mayor pushes for introduction of self-testing kits, extending hours for small businesses
-
Citibank to exit retail banking in 13 markets including S. Korea
-
(LEAD) New virus cases in 600s for 2nd day, virus battle at inflection point
-
Nomination of new USFK chief returned to president: U.S. Congress
-
Yellow dust storm from China, Mongolia heading towards Korea
-
Drunk driver gets 8-yr prison term for hitting and killing Taiwanese student