April 25, 2024
Market Now
Seoul shares open higher despite US losses
[THE INVESTOR] South Korean stocks opened higher on June 23 despite overnight losses on Wall Street, helped by institutional buying. The won rose against the US dollar.
The benchmark Korea Composite Stock Price Index rose 3.07 points, or 0.13 percent, to 2,373.44.
Institutions bought a net 27.8 billion won (US$24 million) worth of stocks. Foreigners and individuals sold a combined 32.7 billion won.
On June 22, the Dow Jones industrial average inched down 0.06 percent to end at 21,397.29.
Large-cap stocks were mostly down across the board. Market bellwether Samsung Electronics backtracked 0.79 percent, major chipmaker SK hynix declined 1.38 percent and leading mobile carrier SK Telecom was down 1.71 percent.
Among gainers, top automaker Hyundai Motor rose 0.93 percent, No. 1 steelmaker POSCO gained 0.37 percent and cosmetics giant AmorePacific was up 3.25 percent.
The local currency was trading at 1,139.70 won against the US dollar, up 1.20 won from the previous session‘s close.
By Alex Lee and newswires (alexlee@heraldcorp.com)
