Korean Stock Opening Up 0.5% On U.S.; Obama Speech, BOK Eyed Kospi running +0.5% at 1789.54 on rise in U.S. stocks, which helps boost investor sentiment across Asia, draws foreign interest in local shares. "Kospi's doing well in line with its Asian peers, but it's also true that 1800 still seems a strong resistance level for now with the U.S. market shut on Monday," says Meritz Securities analyst Shim Jae-youb. But adds Kospi may find some good reason to rise beyond 1800 level as U.S. President Obama expected to lay out new economic plan this week. Still, analysts say investors will also shy away from making big bets ahead of BOK's rate decision meeting, quadruple-witching day on Thursday (when stock index options and futures, stock options and futures all expire together). With stronger U.S. data easing global economic concerns, economy-sensitive techs, LED-related issues particularly strong. Samsung Electronics (005930.SE) +1.3% at KRW771,000 while Hynix (000660.SE) +2.8% at KRW22,400, LG Display (034220.SE) +1.2% at KRW37,150; Samsung Electro-Mechanics (009150.SE) +1.2% at KRW124,500 while LG Innotek (011070.SE) also up 1.0% at KRW147,000
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