Seoul stocks open higher on Wall Street rallies

SEOUL, April 22 — South Korean stocks started higher Wednesday as investor sentiment was buoyed by overnight rallies in U.S. markets, analysts said.

The benchmark Korea Composite Stock Price Index (KOSPI) rose 3.94 points, or 0.29 percent, to 1,340.95 in the first 15 minutes of trading.

Wall Street rebounded on financial gains Tuesday with the Dow Jones industrial average rising 1.63 percent and the tech-dominated Nasdaq composite index advancing 2.22 percent.

The local currency was trading at 1,344.3 won to the U.S. dollar as of 9:15 a.m., up 5.2 won from Tuesday's close. (PNA/Yonhap)

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