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The Korea Herald
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THE INVESTOR
March 29, 2024

Market Now

Seoul shares open tad higher on US gains

  • PUBLISHED :June 19, 2017 - 09:33
  • UPDATED :June 19, 2017 - 09:33
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[THE INVESTOR] South Korean stocks opened slightly higher on June 16, tracking US gains. The won traded higher against the dollar.

The benchmark Korea Composite Stock Price Index rose 2.19 points, or 0.09 percent, to 2,364.01.

Foreigners continued to sell domestic stocks, weighing on the KOSPI index. They sold 162.9 billion won (US$144 million) worth of stocks in the previous session.

On June 16, the Dow Jones industrial average inched up 0.11 percent to end at 21,384.28, while the tech-heavy Nasdaq Composite retreated 0.22 percent to 6,151.76.

Large-cap stocks traded mixed across the board.

Market bellwether Samsung Electronics rose 0.66 percent, and major chipmaker SK hynix advanced 2.81 percent. But top carmaker Hyundai Motor fell 0.61 percent, and leading cosmetics maker AmorePacific declined 0.94 percent.

The local currency was trading at 1,133.10 won against the US dollar, up 1.0 won from the previous session‘s close.

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

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