[THE INVESTOR] South Korean stocks opened higher on Sept. 13, on reduced chances for a US rate hike.
The benchmark KOSPI rose 16.56 points, or 0.83 percent, to 2,008.04 in the first 15 minutes of trading.
Market leader Samsung Electronics added 4.23 percent after shedding a day earlier.
Top automaker Hyundai Motor stayed flat while its smaller affiliate Kia Motors shed 0.11 percent.
A voting member of the Federal Open Market Committee hinted earlier in the day that it would be wise to keep monetary policy loose.
South Korea’s won was trading at 1,107.60 won against the US dollar, up 5.90 won from the previous session.
(theinvestor@heraldcorp.com)
The benchmark KOSPI rose 16.56 points, or 0.83 percent, to 2,008.04 in the first 15 minutes of trading.
Market leader Samsung Electronics added 4.23 percent after shedding a day earlier.
Top automaker Hyundai Motor stayed flat while its smaller affiliate Kia Motors shed 0.11 percent.
A voting member of the Federal Open Market Committee hinted earlier in the day that it would be wise to keep monetary policy loose.
South Korea’s won was trading at 1,107.60 won against the US dollar, up 5.90 won from the previous session.
(theinvestor@heraldcorp.com)
