Seoul stocks open higher on U.S. gains, foreign buying

Seoul stocks open higher on U.S. gains, foreign buying

outh Korean stocks opened higher Wednesday, mainly on foreign buying.

The benchmark Korea Composite Stock Price Index gained 8.17 points, or 0.41 percent, to 2,019.89 in the first 15 minutes of trading.

Sentiment was also bolstered by overnight gains on Wall Street, according to analysts.

The Dow Jones industrial average closed up 0.27 percent to 18,053.60 points, but the Nasdaq Composite Index ended 0.40 percent lower at 4,940.33 points.

Market heavyweights such as Samsung Electronics and Hyundai Motor were trading higher.

Those trading lower included cosmetics giant AmorePacific and Hanjin Shipping.

Source:  http://www.koreaherald.com/view.php?ud=20160420000342

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