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THE INVESTOR

Market Now

Seoul shares start higher as large-cap stocks rise

  • PUBLISHED :March 21, 2017 - 09:47
  • UPDATED :March 21, 2017 - 09:47
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[THE INVESTOR] South Korean stocks opened higher on March 31 as most heavyweight stocks gained ground over healthy outlooks for their earnings.

The benchmark KOSPI rose 6.09 points, or 0.28 percent, to 2,163.10 in the first 15 minutes of trading.

Most large caps traded higher, with market kingpin Samsung Electronics rising 0.38 percent.

Top automaker Hyundai Motor gained 1.6 percent, and top steelmaker POSCO edged up 0.17 percent.

Naver, the operator of the country‘s top Internet portal, climbed 1.22 percent.

The local currency was trading at 1,115.25 won against the US dollar, up 4.85 won from the previous session’s close.

(theinvestor@heraldcorp.com)

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