Seoul shares narrow losses late Thursday morning amid inflation woes
Seoul shares narrowed losses late Thursday morning as investors digested a series of negative factors, including persistent pressure from elevated U.S. Treasury yields. After opening 0.34 percent lower, the benchmark Korea Composite Stock Price Index (KOSPI) inched up 2.88 points, or 0.04 percent, to 6,804.92 as of 11:20 a.m. Overnight, Wall Street ended mixed as cooler-than-expected inflation…
Seoul's stock market saw a slight recovery late Thursday as investors weighed various negative influences, notably the impact of high U.S. Treasury yields. The Korea Composite Stock Price Index (KOSPI), which had opened 0.34 percent lower, managed to climb 2.88 points, or 0.04 percent, to 6,804.92 by 11:20 a.m. Earlier, Wall Street experienced a mixed performance, with the Dow Jones Industrial Average dropping 0.86 percent and the S&P 500 declining 0.25 percent.
In contrast, the Nasdaq Composite Index rose 0.24 percent. Among the key players, Samsung Electronics and SK hynix, both top market cap stocks, saw modest gains, while SK Square, SK hynix's parent company, saw a decline of 2.02 percent. Meanwhile, Samsung Electro-Mechanics, an affiliate electronics component of Samsung Electronics, edged down 0.07 percent.
By 11:20 a.m., the Korean won was valued at 1,360.1 won against the U.S. dollar, marking a 4.4 percent decrease.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- Seoul shares narrow losses late Thurs. morning amid inflation woes en.yna.co.kr
- Seoul stocks open lower on chip losses koreatimes.co.kr
