KOSPI opens higher on strong Chinese data

Published : Apr 14, 2016 - 09:56 Updated : Apr 14, 2016 - 09:56

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South Korean share prices started higher Thursday on the back of China’s strong trade data and gains on Wall Street.

The benchmark Korea Composite Stock Price Index rose 23.76 points, or 1.20 percent, to 2,005.08 in the first 15 minutes of trading.

Traders monitor Seoul share prices at a local bank. (Yonhap)

Market heavyweights such as Samsung Electronics, Hyundai Motor and POSCO were all higher in early morning trading.

Analysts said investor sentiment rose after China said on Wednesday that its exports rose 11.5 percent on-year in March.

In New York, the Dow Jones industrial average jumped 187.03 points, or 1.06 percent, to 17,908.28, after JPMorgan Chase & Co. reported better than expected earnings, causing its shares to soar 4.2 percent.

(khnews@heraldcorp.com)