Kospi opens higher driven by large-cap shares

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Kospi opens higher driven by large-cap shares

A screen in Hana Bank's trading room in central Seoul shows the Kospi on Jan. 3. [YONHAP]

A screen in Hana Bank's trading room in central Seoul shows the Kospi on Jan. 3. [YONHAP]

 
Korean stocks opened higher Monday led by gains among large-cap tech shares.
 
The Kospi gained 8.86 points, or 0.36 percent, to 2,450.78 in the first 15 minutes of trading.
 

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Retail investors were in buying mode, offsetting selling by foreigners and institutions.
 
Samsung Electronics rose 0.37 percent, and SK hynix soared 3.9 percent.
 
Posco Holdings gained 0.39 percent, and Naver jumped 2.99 percent.
 
But LG Energy Solution inched down 0.14 percent, and LG opened unchanged.
 
Carmakers opened lower. Hyundai Motor sank 1.88 percent, and Kia lost 0.89 percent.
 
The local currency was trading at 1,474.35 won against the greenback at 9:15 a.m., up 5.95 won from the previous session.
 


Yonhap
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