May 04, 2024
Market Now
Seoul stocks open higher on overnight US gains
[THE INVESTOR] South Korean stocks opened higher on Jan. 4, taking a cue from overnight gains on Wall Street.
The benchmark Korea Composite Stock Price Index (KOSPI) climbed 5.67 points, or 0.23 percent, to 2,492.02 in the first 15 minutes of trading.
Market kingpin Samsung Electronics gained 0.74 percent, and SK hynix, a global chipmaker, advanced 2.32 percent.
Hyundai Motor, the No. 1 automaker, was down 1.66 percent, and top chemical firm LG Chem fell 0.24 percent.
POSCO, the leading steelmaker, was up 2.52 percent.
The local currency was trading at 1,066.20 won against the US dollar, down 1.7 won from the previous session‘s close.
By Alex Lee and newswires (alexlee@heraldcorp.com)
