April 24, 2024
Market Now
Seoul stocks start higher as North Korea risks wane
[THE INVESTOR] South Korean shares opened higher on Aug. 16 as a bitter verbal war between the US and North Korea seems to have eased.
The benchmark Korea Composite Stock Price Index (KOSPI) rose 19.03 points, or 0.82 percent, to 2,353.25 in the first 15 minutes of trading.
Most large caps traded mixed with market kingpin Samsung Electronics adding 2.8 percent.
Top automaker Hyundai Motor fell 0.35 percent, and top steelmaker POSCO declined 1.23 percent.
The local currency was trading at 1,134.55 won against the US dollar, up 5.25 won from the previous session‘s close.
By Alex Lee and newswires (alexlee@heraldcorp.com)
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