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  • Seoul shares open higher on global stimulus hopes
    Seoul shares open higher on global stimulus hopes
    South Korean stocks opened higher Wednesday on expectations that the U.S. Federal Reserve and the European Central Bank will provide more stimulus to counter sluggish global economic growth, analysts said.The Korea Composite Stock Price Index (KOSPI) gained 0.64 percent, or 12.03 points, to 1,903.80 in the first 15 minutes of trading.Market bellwether Samsung Electronics rose 0.48 percent, with to
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Seoul shares open higher on global stimulus hopes

June 20, 2012 - 09:32 By KH디지털뉴스부공용
South Korean stocks opened higher Wednesday on expectations that the U.S. Federal Reserve and the European Central Bank will provide more stimulus to counter sluggish global economic growth, analysts said.

The Korea Composite Stock Price Index (KOSPI) gained 0.64 percent, or 12.03 points, to 1,903.80 in the first 15 minutes of trading.

Market bellwether Samsung Electronics rose 0.48 percent, with top automaker Hyundai Motor gaining 0.79 percent.

The local currency was trading at 1,153.55 won to the greenback as of 9:15 a.m., up 2.75 won from Tuesday's close. (Yonhap News)



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