Seoul stocks trim early gains late Wed. morning on profit-taking
SEOUL, Sept. 23 (Yonhap) -- South Korean stocks trimmed their earlier gains late...
Seoul's stock market experienced a slight pullback late Wednesday morning after an impressive opening on Tuesday, as investors took profits from recent gains. The Korea Composite Stock Price Index (KOSPI) opened 1.94 percent higher, climbing 5.96 points, or 0.08 percent, to 7,023.87 by 11:20 a.m. The KOSPI's surge was primarily driven by tech giants, following a record-breaking performance on the Nasdaq Composite.
Prior to the close, the index had risen for three consecutive days. Among the top-performing companies were Samsung Electronics, which climbed 1.9 percent, and SK hynix, which gained 0.11 percent. SK Square, parent company of SK hynix, surged 2.84 percent. Conversely, Samsung Electro-Mechanics, an electronics component of Samsung Electronics, declined 0.74 percent.
As of 11:20 a.m., the Korean won was trading at 1,352.6 won per U.S. dollar, an increase of 3.9 won from the previous day's closing rate.
Written by urgent.news from Yonhap News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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