Korean Shipbuilders Lead Stock Market Rise

Seoul shares open higher on EU deal; shipbuilders lead

According to Reuters, Seoul shares rose at market opening on Monday, poised for a third-straight winning session as investors welcomed an agreement by Eurozone leaders to directly recapitalize the region's troubled banks and ease soaring debt costs in Spain and Italy.

Early gains were led by shipyards, as Samsung Heavy Industries climbed 3 percent while Daewoo Shipbuilding & Marine Engineering rose 2.5 percent.