S.Korea police, residents block leaflet launch into North

Seoul shares open higher on Wall Street rally

kh close

 

Published : 2013-02-13 09:39
Updated : 2013-02-13 09:39

South Korean stocks began higher Wednesday, tracking overnight gains on Wall Street, as investors were buoyed by encouraging remarks by U.S. President Barack Obama before his State of the Union address, analysts said.

The benchmark Korea Composite Stock Price Index (KOSPI) gained 5.58 points, or 0.29 percent, to 1,951.37 in the first 15 minutes of trading.

Most shares trended upwards, with brokerage houses and insurance companies driving up the index. No. 2 brokerage firm KDB Daewoo Securities rose nearly 2 percent with industry leader Samsung Life Insurance adding 1.5 percent.

U.S. stocks rose to a five-year high on Tuesday on the back of forecast-beating corporate earnings and as investors awaited the presidential speech.

In contrast, some large caps lost ground. Tech giant Samsung Electronics fell 0.5 percent with the world's largest shipyard Hyundai Heavy Industries slipping 0.3 percent.

The local currency was trading at 1,087.00 won against the U.S. dollar, up 3.8 won from Tuesday's close. (Yonhap News)

Photo News

티아라 효민 멋진 뒤태에 남심 흔들

섹시백 선발대회 몸매 뽐내는 참가자들

카자흐 女배구선수 초특급 미모, 전세계 ‘깜짝’