April 26, 2024
Stocks & Bonds
Seoul shares open higher on Jan. 16
[THE INVESTOR] South Korean stocks opened higher on Jan. 16 despite overnight losses on Wall Street.
The benchmark KOSPI gained 1.08 points, or 0.05 percent, to 2,077.87 in the first 15 minutes of trading.
The broad index didn’t follow the overnight losses on Wall Street. The Dow Jones industrial average lost 0.03 percent.
Large-cap stocks were mixed across the board. Market bellwether Samsung Electronics gained 0.64 percent and top auto parts maker Hyundai Mobis was up 0.18 percent.
Meanwhile, state-run utility firm Korea Electric Power Corp. declined 0.67 percent and No. 2 chipmaker SK hynix was down 0.70 percent.
The local currency was trading at 1,178.45 won against the US dollar, down 3.75 won from the previous session’s close.
(theinvestor@heraldcorp.com)
The benchmark KOSPI gained 1.08 points, or 0.05 percent, to 2,077.87 in the first 15 minutes of trading.
The broad index didn’t follow the overnight losses on Wall Street. The Dow Jones industrial average lost 0.03 percent.
Large-cap stocks were mixed across the board. Market bellwether Samsung Electronics gained 0.64 percent and top auto parts maker Hyundai Mobis was up 0.18 percent.
Meanwhile, state-run utility firm Korea Electric Power Corp. declined 0.67 percent and No. 2 chipmaker SK hynix was down 0.70 percent.
The local currency was trading at 1,178.45 won against the US dollar, down 3.75 won from the previous session’s close.
(theinvestor@heraldcorp.com)
