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Seoul shares open higher on slowdown in yen weakness
By KH디지털뉴스부공용Published : Jan. 23, 2013 - 09:42
South Korean stocks got off to a strong start on Wednesday as investor sentiment was boosted by the slowdown of the yen depreciation, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) rose 10.7 points, or 0.54 percent, to 2,007.22 in the first 15 minutes of trading.
Large-cap exporters led the increase, with tech behemoth Samsung Electronics gaining 1.28 percent and top steelmaker POSCO climbing 0.55 percent.
The country's biggest automaker Hyundai Motor jumped 2.1 percent, and Hyundai Heavy Industries, the world's largest shipbuilder, added 0.87 percent.
The local currency was changing hands at 1,065.1 won against the greenback, down 3 won from Tuesday's close. (Yonhap News)
The benchmark Korea Composite Stock Price Index (KOSPI) rose 10.7 points, or 0.54 percent, to 2,007.22 in the first 15 minutes of trading.
Large-cap exporters led the increase, with tech behemoth Samsung Electronics gaining 1.28 percent and top steelmaker POSCO climbing 0.55 percent.
The country's biggest automaker Hyundai Motor jumped 2.1 percent, and Hyundai Heavy Industries, the world's largest shipbuilder, added 0.87 percent.
The local currency was changing hands at 1,065.1 won against the greenback, down 3 won from Tuesday's close. (Yonhap News)
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