April 25, 2024
Market Now
Seoul shares open slightly higher on Wall Street gains
[THE INVESTOR] South Korean stocks opened slightly higher on Sept. 20, following overnight gains on Wall Street.
The benchmark Korea Composite Stock Price Index (KOSPI) added 1.9 points, or 0.08 percent, to 2,417.95 in the first 15 minutes of trading.
On Sept. 19, US stocks closed at fresh record highs, with the S&P 500 inching up 0.11 percent and the Dow gaining 0.18 percent.
Most large caps on the Seoul bourse traded mixed, with marking kingpin Samsung Electronics shedding 0.04 percent.
SK hynix, a major chipmaker, was up 0.13 percent.
LG Chem, South Korea‘s top chemicals firm, surrendered 1.01 percent, while AmorePacific, the country’s No. 1 cosmetics firm, gained 0.4 percent.
Automakers were among the gainers, with industry leader Hyundai Motor climbing 1.07 percent.
The local currency was trading at 1,130.70 won against the US dollar, up 0.60 won from the previous session‘s close.
By Alex Lee and newswires (alexlee@heraldcorp.com)
