Seoul stocks open up sharply on eased Dubai woes

SEOUL, Nov. 30 (Yonhap) -- South Korean stocks got off to a strong start Monday
as the market recovered from jitters over Dubai debt problems, analysts said.

The benchmark Korea Composite Stock Price Index (KOSPI) advanced 31.52 points, or
2.07 percent, to trade at 1,556.02 in the first 15 minutes of trading.
Financial and electronics shares led the market turnaround as investors were
assured that the fallout from state-run Dubai World's delay in its debt repayment
will be limited.
The debt jitters plunged the KOSPI to the lowest level in four months on Friday
while sending the local currency sharply lower.
The local currency was trading at 1,162.3 won to the U.S. dollar as of 9:15 a.m.,
up 13.2 won from Friday's close.
pbr@yna.co.kr
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