Seoul shares open slightly higher; Ssangyong jumps

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SEOUL | Sun May 30, 2010 8:08pm EDT

SEOUL May 31 (Reuters) - Seoul shares opened 0.1 percent higher on Monday despite Fitch's downgrade of Spain's credit rating, lifted by firm gains in automakers such as Ssangyong Motor (003620.KS).

The Korea Composite Stock Price Index .KS11 (KOSPI) was up 0.53 percent at 1,631.37 points as of 0006 GMT.

(Reporting by Jungyoun Park; Editing by Jonathan Hopfner)

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