Seoul shares open higher on tech gains despite high oil prices

What happened: Seoul shares opened higher on Oct. 8, led by technology stocks, despite inflation worries from elevated oil prices. Key numbers: KOSPI rose 4.78 points, or 0.07 percent, to 6,808.68 at the open. Samsung Electronics posted an estimated third quarter operating profit of 107 trillion won (US$79.8 billion), beating market forecasts by 1.6 percent. Why it matters: Samsung's estimate topped market forecasts, supporting tech gains that lifted the KOSPI even as oil prices stoked inflation worries.

Seoul shares opened higher on Oct. 8, led by technology stocks, despite inflation worries from elevated oil prices.

Samsung's estimate topped market forecasts, supporting tech gains that lifted the KOSPI even as oil prices stoked inflation worries.