(LEAD) Seoul stocks open higher on chip gains
SEOUL, Sept. 30 (Yonhap) -- Seoul stocks opened higher Wednesday, tracking overn...
Seoul stocks began the day on an upward trend on Wednesday after semiconductor shares in the United States climbed overnight. The Korea Composite Stock Price Index, or KOSPI, rose by 80.46 points, or 1.17 percent, reaching 6,951.27 by 9:15 a.m. Despite U.S. stocks ending marginally lower due to oil prices falling and persistent high Treasury yields, semiconductor shares defied the broader market downtrend.
Companies like Samsung Electronics and SK hynix, major players in the semiconductor industry, experienced gains. The S&P 500, Dow Jones Industrial Average, and tech-heavy Nasdaq composite all saw slight declines. The Korean won strengthened slightly against the U.S. dollar, trading at 1,351 won.
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Also reported by 2 other outlets
- Seoul stocks open higher on chip gains koreatimes.co.kr
- Seoul stocks open higher on chip gains en.yna.co.kr
