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S. Korean shares open higher on U.S. gains, rebounding oil prices

2016/02/23 09:22

SEOUL, Feb. 23 (Yonhap) -- South Korean stocks opened higher on Tuesday on overnight gains on Wall Street and rebounding oil prices.

The benchmark Korea Composite Stock Price Index (KOSPI) advanced 10.62 points, or 0.55 percent, to 1,926.98 in the first 15 minutes of trading.

Market heavyweights were in positive terrain across the board.

Market bellwether Samsung Electronics inched up 0.6 percent, and top automaker Hyundai Motor rose 0.34 percent.

SK Innovation, the top oil refiner, shot up 4.55 percent, and No. 3 S-Oil gained 2.9 percent.

The local currency was trading at 1,227.05 won against the U.S. dollar, up 7.35 won from Monday's close.

Wall Street stocks rallied nearly 1.5 percent Monday, buoyed by gains in oil-related firms and tech companies.