South korean stocks higher in early trade, KOSPI adds 13.34pts

SEOUL: South Korean stocks opened higher Tuesday on the back of gains in tech firms and construction firms, analysts said.

The benchmark Korea Composite Stock Price Index (KOSPI) added 13.34 points, or 0.65 percent, to 2,068.50 in the first 15 minutes of trading.

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Tech shares led the gain, with Samsung Electronics rising 1.25 percent and chipmaker SK hynix climbing 1.14 percent. LG Electronics climbed 0.39 percent.

Builders also opened bullish, with Hyundai Engineering & Construction adding 0.36 percent and Daewoo Engineering & Construction increasing 0.76 percent. Daelim Industrial gained 0.77 percent.

The local currency was trading at 1,102.65 won against the U.S. dollar as of 9:15 a.m., down 3.85 won from Monday’s close.