Stocks open higher on tech shares
[THE INVESTOR] South Korean stocks opened higher on Nov. 22, led by gains in large-cap tech shares, following an overnight Wall Street rally.
The benchmark Korea Composite Stock Price Index (KOSPI) climbed 21.63 points, or 0.85 percent, to 2,552.33 in the first 15 minutes of trading.
On Nov. 21, U.S. stocks traded higher on upbeat earnings reports. The U.S. Dow Jones industrial average climbed 0.69 percent, and the S&P gained 0.65 percent. The Nasdaq Composite Index also increased 1.06 percent.
Most large caps traded in positive terrain, with tech shares leading the gain.
Market kingpin Samsung Electronics added 1.45 percent, and its smaller rival LG Electronics added 2.91 percent. SK hynix, a major chipmaker, advanced 3.19 percent.
The local currency was trading at 1,090.6 won against the US dollar, up 5.2 won from the previous session‘s close.
By Alex Lee and newswires (alexlee@heraldcorp.com)