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Seoul shares open higher on Chinese data

South Korean stocks opened higher Tuesday on the back of an improved industrial data from China, the country's largest trading partner, analysts said.

The benchmark Korea Composite Stock Price Index (KOSPI) rose 14.14 points, or 0.72 percent, to 1,991.44 in the first 15 minutes of trading.

Shares gathered ground across the board, with market behemoth Samsung Electronics adding 0.98 percent and No. 1 carmaker Hyundai Motor rising 0.61 percent. Top steelmaker POSCO added 0.62 percent.

Logistics firms also gathered ground, with Hyundai Merchant Marine moving up 0.86 percent and CJ Korea Express adding 0.48 percent. Top air carrier Korean Air advanced 1.61 percent.

The local currency was trading at 1,070.75 won against the U.S. dollar as of 9:15 a.m., up 1.75 won from Monday's close. (Yonhap News)



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