Seoul shares open higher on bargain hunting

Seoul shares opened higher Monday, led by technology stocks, as investors went bargain hunting after Wall Street's record-setting advance. After opening 0.76 percent higher, the benchmark Korea Composite Stock Price Index (KOSPI) further gained 101.15 points, or 1.62 percent, at 6,359.92 as of 9:15 a.m. The KOSPI ended lower for a second straight session Friday, weighed down by foreign selling.…

koreatimes.co.kr ·39m ago

Seoul shares open higher on bargain hunting

Seoul shares opened higher on Monday, driven by technology stocks as investors took advantage of bargain prices following Wall Street's record-setting advance. The benchmark Korea Composite Stock Price Index (KOSPI) rose 101.15 points, or 1.62 percent, to 6,359.92 by 9:15 a.m. After being down for Friday's trading session, the KOSPI had its second consecutive decline.

Wall Street's positive performance was fueled by U.S. job reports, with the Dow Jones Industrial Average up 0.28 percent and the S&P 500 adding 0.62 percent to set a new record. The tech-heavy Nasdaq Composite Index also gained 1.3 percent. Technology sector stocks led the market's rise, with Samsung Electronics and chipmaker SK hynix seeing significant gains.

The Korean won was trading at 1,412.1 per U.S. dollar, down 2.6 won from the previous session's close.

Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.