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The Korea Herald
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THE INVESTOR
March 29, 2024

Market Now

Stocks open higher on gains in tech and banking

  • PUBLISHED :April 24, 2017 - 09:28
  • UPDATED :April 24, 2017 - 09:28
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[THE INVESTOR] South Korean stocks opened higher on April 24, led by gains in tech firms and banking firms.

The benchmark KOSPI rose 8.12 points, or 0.38 percent, to 2,173.16 in the first 15 minutes of trading.

Most large caps traded higher, with market kingpin Samsung Electronics adding 0.69 percent and SK hynix, a major chipmaker, rising 0.96 percent.

Shinhan Financial, the country‘s most profitable banking group, added 1.36 percent, and POSCO, the No. 1 steelmaker, soared 1.85 percent.

In contrast, Hyundai Motor, the No. 1 automaker, moved down 0.35 percent and its smaller affiliate, Kia Motors, shed 0.57 percent.

The local currency was trading at 1,129.05 won against the US dollar, up 5.35 won from the previous session’s close.

By Alex Lee and newswires (alexlee@heraldcorp.com)

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