alt
2012-05-22 09:28

Shares open higher on global market gains

Korean stocks opened higher Tuesday as China's pledge to boost growth fueled Wall Street and European market gains, analysts said.

The benchmark Korea Composite Stock Price Index (KOSPI), which pulled off a modest rebound on Monday following last week's sharp losses, added 1.02 percent, or 18.27 points, to 1,817.40 in the first 15 minutes of trading.

Market bellwether Samsung Electronics soared 3.06 percent with top automaker Hyundai Motor also jumping 1.27 percent.

The local currency was trading at 1,163.45 won to the greenback as of 9:15 a.m., up 5.45 won from Monday's close.



  • 1. Facebook offers investment
  • 2. N. Korea rolls out 900 new tanks in last seven years: source
  • 3. Police blaming sex crimes on scantily clad women
  • 4. LG to mass-produce flexible displays
  • 5. Sexy or obscene?
  • 6. Squeezing into Brazil
  • 7. Number of taxis to be reduced by 50,000
  • 8. Female teacher accused of sex crimes
  • 9. Movie tells of biracial kid here
  • 10. Activists seek assistance for 'Kopinos' in Philippines
Welcome to Expat Corner
Experienced reporters wanted
‘Expat citizen reporters’ wanted
Koreatimes.co.kr puts on a new dress