April 26, 2024

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[THE INVESTOR] South Korean stocks opened higher on Jan. 3, taking a cue from overnight gains on Wall Street.

The benchmark Korea Composite Stock Price Index (KOSPI) rose 6.11 points, or 0.25 percent, to 2,485.76 in the first 15 minutes of trading.

Market kingpin Samsung Electronics gained 1.02 percent, and SK hynix, a major chipmaker, was up 1.7 percent.

No. 1 automaker Hyundai Motor advanced 0.67 percent, and steelmaker POSCO jumped 4.72 percent.

AmorePacific, the leading cosmetics maker, meanwhile, shed 1.12 percent.

The local currency was trading at 1,063.50 won against the US dollar, down 2.3 won from the previous session‘s close.

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