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Seoul shares turn higher after weak start

South Korean stocks reverted to a slight gain on Wednesday after a bearish start, following the 1.3 percent rally of the previous session, analysts said.

After opening a tad lower, the benchmark Korea Composite Stock Price Index (KOSPI) inched up 0.34 points, or 0.02 percent, to 1,904.49 in the first 15 minutes of trading.

Tech and auto blue-chips led the decline, with Samsung Electronics slipping 0.3 percent and Hyundai Motor falling 0.2 percent.

But LG Chem, a leading chemical maker, and top global shipyard Hyundai Heavy Industries gathered ground, rising nearly 1 percent and 1.5 percent, respectively.

The local currency was trading at 1,114.30 won against the U.S.

dollar as of 9:15 a.m., up 2.7 won from Tuesday's close. (Yonhap News)

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