SEOUL: South Korean stocks opened higher Tuesday on the back of gains in technology and financial shares, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) added 8.01 points, or 0.4 percent, to 2,016.50 in the first 15 minutes of trading.
Tech shares opened bullish, with No. 2 chipmaker SK hynix adding 1.95 percent and LG Display rising 4.48 percent. Top market cap Samsung Electronics also gained 0.77 percent.
Financial shares also traded higher, with Shinhan Financial adding 1.67 percent and KB Financial climbing 1.22 percent. Samsung Fire & Marine Insurance advanced 0.95 percent.
The local currency was trading at 1,171.70 won against the U.S. dollar as of 9:15 a.m., down 5.80 won from Monday’s close.