Published : Oct. 4, 2016 - 09:46
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THE INVESTOR] South Korean shares opened higher on Oct. 4, amid rise in tech and auto shares.
The benchmark KOSPI scored 8.1 points, or 0.4 percent, to 2,051.73 in the first 15 minutes of trading.
Top market cap Samsung Electronics rose 1.19 percent ahead of its third-quarter earnings guidance release on Thursday, and leading automaker Hyundai Motor advanced 2.58 percent.
Bio stocks dropped sharply following heavy losses in the previous session.
Hanmi Pharmaceutical, the No. 1 player, tumbled 13.09 percent after it on Friday announced its license deal on a lung cancer treatment with German drug maker Boehringer Ingelheim ended. Its holding firm Hanmi Science also plummeted 14.21 percent.
The local currency was trading at 1,102.5 won against the US dollar, down 1.2 won from the previous session’s close.
(
theinvestor@heraldcorp.com)