Published : 2013-01-11 09:28
Updated : 2013-01-11 09:28
South Korean stocks opened higher Friday on improved economic data from China and the eurozone, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) increased 7.39 points, or 0.37 percent, to trade at 2014.19 in the first 15 minutes of trading.
Tech blue chips led the market gain, with industry leader Samsung Electronics moving up 0.72 percent and its smaller rival LG Electronics climbing 0.66 percent. Top chipmaker SK hynix edged up 0.56 percent.
Logistics shares also gathered ground, with Hyundai Glovis increasing 1.64 percent, and CJ Korea Express climbing 1.3 percent.
Hyundai Merchant Marine advanced 0.45 percent.
The local currency was trading at 1,057.15 won against the U.S. dollar as of 9:15 a.m., up 3.25 won from Thursday's close. (Yonhap News)