South Korean stocks opened sharply higher Tuesday led by gains in major tech shares to set another record high, following a four-day rally.
The benchmark Korea Composite Stock Price Index increased 57.28 points, or 1.5 percent, to 3,871.97 in the first 15 minutes of trading.
US shares ended higher Monday (local time) on tech gains. The S&P 500 rose 1.2 percent, the tech-heavy Nasdaq composite climbed 1.5 percent, and the Dow Jones Industrial Average added 507 points.
In Seoul, large-cap shares traded higher.
Chip giant Samsung Electronics increased 1.53 percent and rival SK hynix gained 2.99 percent, extending its five-day rally.
Defense giant Hanwha Aerospace went up 1.89 percent and leading battery maker LG Energy Solution inched up 0.46 percent.
The local currency was trading at 1,420.3 won against the greenback as of 9:15 a.m., down 1.1 won from the previous session’s close. (Yonhap)
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