[THE INVESTOR] South Korean shares opened a little higher on July 4 as investors were cautious following last week’s recovery from a sharp plunge sparked by Brexit.

The benchmark Korea Composite Stock Price Index edged up 0.68 point, or 0.03 percent, to 1,988.00 in the first 15 minutes of trading.

The KOSPI gained 3.19 percent last week to end at 1,987.32 points on Friday, fully recovering from Brexit-ignited losses.


Top market cap Samsung Electronics shed 0.07 percent, and chipmaker SK hynix lost 0.47 percent.

Mobile carriers were mixed, with SK Telecom decreasing 0.92 percent and KT 0.34 percent, while LG Uplus, the smallest player, stayed flat.

The local currency was trading at 1,151.70 won against the US dollar, down 6.70 won from the previous session’s close.

(theinvestor@heraldcorp.com)