April 27, 2024
Market Now
Seoul stocks open lower on Pyongyang‘s missile launch
[THE INVESTOR] South Korean stocks opened lower on Sept. 15 after North Korea fired another ballistic missile earlier in the day, further escalating geopolitical tension in the Northeast Asian region, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) lost 6.67 points, or 0.28 percent, to 2,370.99 in the first 15 minutes of trading.
Earlier in the day, the North launched a ballistic missile eastward from its capital, the country’s first missile launch after the UN Security Council adopted a fresh sanctions resolution.
Most large caps on the Seoul bourse traded mixed.
Market bellwether Samsung Electronics inched down 0.04 percent, while global chipmaker SK hynix was up 0.52 percent.
The local currency was trading at 1,135.1 won against the US dollar, down 2.5 won from the previous session‘s close.
By Alex Lee and newswires (alexlee@heraldcorp.com)
