Seoul stocks open higher on continued chip rally

Seoul stocks opened higher Wednesday, boosted by a continued chip rally, while investors brace for the nation pension fund's stock rebalancing.

After opening sharply higher, the benchmark Korea Composite Stocks Price Index rose 45.89 points, or 0.54 percent, to 8,522.37, as of 9:15 a.m.

The index followed overnight gains on Wall Street, as chip stocks continued their rally and prospects for peace talks between the United States and Iran still remain valid.

The two sides are poised to hold fresh ...