(LEAD) Seoul stocks open lower despite U.S. gains
SEOUL, Oct. 2 (Yonhap) -- South Korean stocks opened mildly lower Friday, despit...
Despite overnight gains on Wall Street, South Korean stocks opened slightly lower on Friday. The Korea Composite Stock Price Index (KOSPI), which serves as the benchmark for South Korean stocks, fell 0.15 percent to 6,961.18 by 9:15 a.m. local time. Overnight, U.S. stocks finished modestly higher, with the Dow Jones Industrial Average up 0.04 percent and the S&P 500 up 0.19 percent.
However, the tech-heavy Nasdaq Composite Index only gained 0.04 percent. In Seoul, major market players experienced mixed fortunes, with Samsung Electronics down 0.22 percent and chip giant SK hynix up 0.22 percent. SK Square, the parent company of SK hynix, fell 0.61 percent, while Samsung Electro-Mechanics, an electronics component subsidiary of Samsung Electronics, dropped 0.7 percent.
The Korean won was trading at 1,362.6 per U.S. dollar, a decrease of 4.2 won from the previous trading session.
Written by urgent.news from Yonhap News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 2 other outlets
- Seoul stocks open lower despite US gains koreatimes.co.kr
- Seoul stocks open lower despite U.S. gains en.yna.co.kr
