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STOCKS - SEOUL SHARES OPEN HIGHER - JULY 1, 2008.

AsiaPulse News

| July 01, 2008 | COPYRIGHT 2008 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SEOUL, July 1 Asia Pulse - South Korean stocks opened slightly higher Tuesday as investors picked up auto and shipyard shares, offsetting losses in other energy-related sectors, analysts said.

The benchmark Korea Composite Stock Price Index (KOSPI) rose 3.02 points, or 0.18 per cent, to 1,677.94 in the first 15 minutes of trading.

Auto and shipyard shares led the market advance. Number two shipyard Samsung Heavy Industries advanced 1.74 per cent with top automaker Hyundai Motor and its affiliate Kia Motors also starting stronger.

Financial issues added to the upward momentum. Industry leader Samsung Securities ...

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