ID :
58778
Mon, 05/04/2009 - 13:11
Auther :
Shortlink :
https://www.oananews.org//node/58778
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Seoul shares open higher on foreign buying
SEOUL, May 4 (Yonhap) -- South Korean stocks started higher Monday as foreign
investors scooped up tech and financial shares, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) rose 17.49 points, or
1.28 percent, to 1,386.85 in the first 15 minutes of trading.
Tech and financial stocks got off to a strong start. KB Financial Group, which controls Kookmin Bank, jumped more than 6 percent on its better-than-expected earnings.
The local currency was trading at 1,279.5 won to the U.S. dollar as of 9:15 a.m., up 2.5 won from Friday's close.
sooyeon@yna.co.kr
(END)
investors scooped up tech and financial shares, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) rose 17.49 points, or
1.28 percent, to 1,386.85 in the first 15 minutes of trading.
Tech and financial stocks got off to a strong start. KB Financial Group, which controls Kookmin Bank, jumped more than 6 percent on its better-than-expected earnings.
The local currency was trading at 1,279.5 won to the U.S. dollar as of 9:15 a.m., up 2.5 won from Friday's close.
sooyeon@yna.co.kr
(END)
