Seoul shares open tad higher on large-cap gains
Feb. 12, 2013 - 09:25
South Korean stocks opened a tad higher on Tuesday, driven by gains in large-cap firms, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) added 2.36 points, or 0.12 percent, to 1,953.26 in the first 15 minutes of trading.
Top-cap Samsung Electronics climbed nearly 1 percent, with second-largest listed company Hyundai Motor advancing 0.8 percent and chipmaker SK hynix rising 1.2 percent.
The local currency was trading at 1,096.20 won against the U.S. dollar as of 9:15 a.m., down 0.5 won from Friday's close.
The local stock market was closed on Monday for the Lunar New Year's Day. (Yonhap News)