Seoul shares open slightly up; KEPCO rallies on price hike
SEOUL Jan 10 (Reuters) - South Korean shares opened slightly higher on Thursday, tracking U.S. rises, although gains were capped by lingering caution about corporate earnings.
The Korea Electric Power Corp (KEPCO) jumped more than 3 percent after the government said it would raise electricity prices by an average 4 percent from next week to help the state-run power supplier cut losses.
The Korea Composite Stock Price Index (KOSPI) was up 0.24 percent at 1,996.54 points at 0003 GMT. (Reporting by Hyunjo Jin; Editing by Paul Tait)
- Islamic State threat 'beyond anything we've seen': Pentagon
- Oklahoma City policeman arrested for raping women while on patrol
- U.S. says Russia must pull convoy from Ukraine or face more sanctions |
- Exclusive: Apple iPhone 6 screen snag leaves supply chain scrambling |
- Gaza gunmen execute 'collaborators'; mortar kills Israeli boy |