Seoul shares steadier after Dow peak; SK Hynix rallies

SEOUL, March 6 Tue Mar 5, 2013 7:07pm EST

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SEOUL, March 6 (Reuters) - South Korean shares opened higher on Wednesday after pledges of record spending by China to boost growth and upbeat U.S. services sector data sent Wall Street to a record high.

The Korea Composite Stock Price Index (KOSPI) was up 0.8 percent at 2,032.41 points at 0003 GMT.

Chipmaker SK Hynix rose 3 percent after a local brokerage raised its target price citing stronger earnings on rising chip prices. (Reporting by Somang Yang; Editing by Richard Pullin)