SEOUL, Nov. 8 (Yonhap) — South Korean equities opened higher Wednesday, tracking the surge in U.S. stocks overnight due to a drop in Treasury yields.
At the start of trading, the Korea Composite Stock Price Index (KOSPI) rose 10.84 points, or 0.44 percent, to 2,454.80.
Overnight, the Dow Jones Industrial Average edged up 0.2 percent and the Nasdaq Composite rose 0.9 percent as Treasury yields softened.
In Seoul, battery and biotechnology stocks opened firmly, with LG Energy Solution up 2.03 percent and SK bioscience climbing 2.52 percent.
Telecom firms also gained, with industry leader SK Telecom up 0.1 percent and No. 2 rival KT advancing 0.76 percent.
Leading steelmaker POSCO Holdings rose 0.65 percent, and top automaker Hyundai Motor added 0.11 percent.
The local currency was trading at 1303.85 won against the U.S. dollar at 9:15 a.m., up 4.05 won from the previous session’s close.
odissy@yna.co.kr
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