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[Exclusive] Hyundai Mobis eyes closer ties with BYD
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South Korean stocks opened higher Monday as investors continued to react with optimism over U.S.
Federal Reserve Chair nominee Janet Yellen's remarks that the stimulus cut won't happen soon, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) rose 5.58 points, or 0.28 percent, to 2,011.22 in the first 15 minutes of trading.
Shares gathered ground across the board, with food makers and chemical companies leading the climb. Leading confectioner Orion gained 1.5 percent, and LG Chem hiked nearly 2 percent.
Top-cap Samsung Electronics was up 0.6 percent.
The local currency was trading at 1,061.15 won against the U.S.dollar as of 9:15 a.m., up 2.25 won from Friday's close. (Yonhap News)
Federal Reserve Chair nominee Janet Yellen's remarks that the stimulus cut won't happen soon, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) rose 5.58 points, or 0.28 percent, to 2,011.22 in the first 15 minutes of trading.
Shares gathered ground across the board, with food makers and chemical companies leading the climb. Leading confectioner Orion gained 1.5 percent, and LG Chem hiked nearly 2 percent.
Top-cap Samsung Electronics was up 0.6 percent.
The local currency was trading at 1,061.15 won against the U.S.dollar as of 9:15 a.m., up 2.25 won from Friday's close. (Yonhap News)
