Seoul shares inch up following U.S. rallies

SEOUL, Nov. 24 (Yonhap) -- South Korean stocks opened 0.32 percent higher Monday,
taking a cue from Wall Street rallies in the previous session, analysts said.

The benchmark Korea Composite Stock Price Index (KOSPI) rose 3.17 points to
1,006.9 in the first 15 minutes of trading.
U.S. stocks took a late-session rally Friday on news reports that President-elect
Barack Obama is ready to tap New York Fed president Timothy Geithner as the next
treasury secretary, helping ease uncertainty over the incoming government's
economic policy.
The Dow Jones industrial average surged 6.54 percent and the tech-dominated
Nasdaq composite index jumped 5.18 percent.
The local currency was trading at 1,486.55 won to the U.S. dollar as of 9:15
a.m., up 8.45 won from Friday's close.
kokobj@yna.co.kr
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