April 26, 2024

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[THE INVESTOR] South Korean stocks opened higher on Nov. 9 the back of gains in chemical and pharmaceuticals shares.

The benchmark Korea Composite Stock Price Index (KOSPI) added 4.22 points, or 0.17 percent, to reach 2,556.62 in the first 15 minutes of trading.

Top chemical firm LG Chem moved up 0.73 percent, and LG Household & Health Care increased 0.72 percent. No. 3 oil refiner S-Oil gained 0.79 percent.

Pharmaceutical shares also opened higher, with Samsung BioLogics rising 0.65 percent.

No. 1 tech giant Samsung Electronics, however, edged down 0.07 percent, and No. 2 chipmaker SK hynix shed 0.36 percent.

The local currency was trading at 1,114.05 won against the US dollar, up 1.55 won from the previous session‘s close.

By Alex Lee and newswires (alexlee@heraldcorp.com)