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Start your day with a roundup of key stories from The Korea Herald with news and comment on all that’s happening in Korea.

Seoul shares open tad higher on auto, steel gains

By 윤민식

Published : Nov. 5, 2013 - 09:31

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South Korean stocks opened slightly higher Tuesday led by gains in blue-chip auto- and steelmakers, analysts said.

The benchmark Korea Composite Stock Price Index (KOSPI) rose 1.67 points, or 0.08 percent, to 2,026.84 in the first 15 minutes of trading.

Hyundai Mobis, an auto parts maker, shot up 2 percent, with leading steelmaker POSCO climbing 1.4 percent.

Analysts expected the main index to move in a tight range with institutions opting to take profit from recent rallies.

The local currency was trading at 1,061.85 won against the U.S. dollar as of 9:15 a.m., up 1.05 won from Monday's close. (Yonhap News)

Seoul shares open tad higher on auto, steel gains

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