ID :
53030
Tue, 03/31/2009 - 08:19
Auther :
Shortlink :
https://www.oananews.org//node/53030
The shortlink copeid
Seoul stocks open higher on auto, bank gains
SEOUL, March 31 (Yonhap) -- South Korean stocks got off to a solid start onTuesday, driven by carmaker and bank rallies, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) climbed 9.64 points, or
0.81 percent, to 1,207.10 in the first 15 minutes of trading.
Strong retail buying helped boost the key index, despite hefty, overnight falls
on Wall Street. The Dow Jones industrial average lost 3.27 percent to 7,522.02
and the tech-laced Nasdaq fell 2.81 percent on mounting bankruptcy concerns for
two U.S. auto giants.
The local currency was trading at 1,413.25 won to the U.S. dollar as of 9:15
a.m., down 23.25 won from Monday's close.
pbr@yna.co.kr
(END)
The benchmark Korea Composite Stock Price Index (KOSPI) climbed 9.64 points, or
0.81 percent, to 1,207.10 in the first 15 minutes of trading.
Strong retail buying helped boost the key index, despite hefty, overnight falls
on Wall Street. The Dow Jones industrial average lost 3.27 percent to 7,522.02
and the tech-laced Nasdaq fell 2.81 percent on mounting bankruptcy concerns for
two U.S. auto giants.
The local currency was trading at 1,413.25 won to the U.S. dollar as of 9:15
a.m., down 23.25 won from Monday's close.
pbr@yna.co.kr
(END)
