[THE INVESTOR] South Korean shares opened higher on Sept. 29 amid OPEC member countries’ decision to cut oil output.
The benchmark KOSPI rose 15.37 points, or 0.75 percent, to 2,068.43 in the first 15 minutes of trading.
Most large caps traded higher with market kingpin Samsung Electronics rising 1.08 percent.
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OPEC headquarters located in Vienna, Austria. OPEC |
Top automaker Hyundai Motor gained 0.72 percent, and top steelmaker POSCO inched up 0.65 percent.
The local currency was trading at 1,092.35 won against the US dollar, up 4.45 won from the previous session’s close.
(
theinvestor@heraldcorp.com)
