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Korean shares opened higher Tuesday after lackluster U.S. economic data lowered expectations of a near-term interest rate raise by the Federal Reserve.
The benchmark Korea Composite Stock Price Index (KOSPI) added 6.07 points, or 0.31 percent, to 1,988.61 in the first 15 minutes of trading.
Foreigners turned to net buyers following weaker-than-expected March jobs report from the U.S., while keeping an eye on a speech from Fed Chair Janet Yellen scheduled later in the day
Securities and banks led the gains, while insurances and construction shares traded bearish.
Market kingpin Samsung Electronics edged up 0.31 percent, and top automaker Hyundai Motor climbed 0.65 percent.
The local currency was trading at 1,163.3 won against the U.S. dollar, up 2.9 won from the Monday close. (Yonhap)
The benchmark Korea Composite Stock Price Index (KOSPI) added 6.07 points, or 0.31 percent, to 1,988.61 in the first 15 minutes of trading.
Foreigners turned to net buyers following weaker-than-expected March jobs report from the U.S., while keeping an eye on a speech from Fed Chair Janet Yellen scheduled later in the day
Securities and banks led the gains, while insurances and construction shares traded bearish.
Market kingpin Samsung Electronics edged up 0.31 percent, and top automaker Hyundai Motor climbed 0.65 percent.
The local currency was trading at 1,163.3 won against the U.S. dollar, up 2.9 won from the Monday close. (Yonhap)
