Seoul shares open higher on foreign buying

SEOUL, May 6 (Yonhap) -- South Korean stocks started higher Wednesday as foreign
investors scooped up large-cap shares, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) rose 3.3 points, or 0.24
percent, to 1,401.22 in the first 15 minutes of trading.
Steel and construction issues led the way with top steelmaker POSCO gaining
nearly 4 percent, while No. 3 builder Hyundai Engineering & Construction was up
5.15 percent.
The local currency was trading at 1,272 won to the U.S. dollar as of 9:15 a.m.,
up 0.5 won from Monday's close. The local financial markets were closed for
Children's Day on Tuesday.
ygkim@yna.co.kr
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