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The Korea Herald
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THE INVESTOR
March 29, 2024

Market Now

Seoul stocks open higher despite U.S. losses

  • PUBLISHED :August 04, 2017 - 09:47
  • UPDATED :August 04, 2017 - 09:47
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[THE INVESTOR] South Korean stocks opened higher on Aug. 4 despite losses on Wall Street as foreigners scooped up large-cap shares.

The benchmark Korea Composite Stock Price Index (KOSPI) rose 6.48 points, or 0.27 percent, to 2,393.33 in the first 15 minutes of trading.

On Aug. 3, the S&P shed 0.24 percent and the Nasdaq Composite Index also lost 0.4 percent due to losses for energy and technology companies

Most large caps on the Seoul bourse opened higher, with tech shares leading the gain. Market bellwether Samsung Electronics gained 0.38 percent, and its smaller rival LG Electronics jumped 2.9 percent.

The local currency was trading at 1,126.80 won against the US dollar, up 2 won from the previous session‘s close.

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

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