Seoul shares open higher on Wall Street gains

부동산 2023-12-12 03:45:21 9

South Korean stocks opened higher Wednesday tracking overnight gains on Wall Street helped by lower-than-expected US inflation data.

The benchmark Korea Composite Stock Price Index added 35.21 points, or 1.45 percent, to 2,468.46 in the first 15 minutes of trading.

US stocks closed higher overnight following reports that the US consumer price index, a key inflation measure, rose at the slowest pace in October since 2021.

The Dow Jones Industrial Average added 1.43 percent, while the Nasdaq Composite surged 2.37 percent.

In Seoul, most large caps were up, with top cap Samsung Electronics gaining 1.31 percent and No. 2 chipmaker SK hynix surging 1.85 percent.

Top automaker Hyundai Motor soared 2.97 percent, while its smaller affiliate Kia spiked 2.56 percent.

The local currency was trading at 1,307.85 won against the US dollar, up 21.05 won from the previous session's close. (Yonhap)




Hyundai, Kia's combined exports set to hit 2 mln in 2023

[Hello Indonesia] Green growth cements Korea

Generational shift looms in SK leadership

폰에 '파이팅' 문자 있는 여성 끌려갔다…北, 청년에 이런 단속

이준석이 좋아하는 국힘 3명? 그의 입에서 "김기현" 나왔다

Korean War veteran’s daughter named veterans affairs minister

US deploys fighter jets in S. Korea for air exercise in Singapore

National Theater of Korea's 50th year to close with 'Song of King Sejong'