Seoul stocks open lower despite US gains
Korean stocks opened mildly lower Friday, despite overnight gains on Wall Street. After opening 0.47 percent lower, the benchmark Korea Composite Stock Price Index (KOSPI) fell 10.17 points, or 0.15 percent, to 6,961.18 as of 9:15 a.m. Overnight, U.S. stocks finished modestly higher as benchmark Treasury yields eased from fresh multi-decade highs, although gains were capped by rising crude oil…
Friday saw Korean stocks dip slightly, despite an overnight uptick in U.S. markets. The Korea Composite Stock Price Index (KOSPI), a key benchmark, slipped 10.17 points, or 0.15 percent, down to 6,961.18 by 9:15 a.m. Overnight, U.S. equities closed modestly higher, as Treasury yields eased after reaching record highs, although the rally was tempered by a surge in crude oil prices.
The Dow Jones Industrial Average managed a 0.04 percent increase, while the S&P 500 rose 0.19 percent. The tech-focused Nasdaq Composite Index also edged up by 0.04 percent.
In Seoul, major companies saw mixed fortunes. Samsung Electronics, the market's leading entity, fell by 0.22 percent. SK hynix, a prominent chip maker, edged up by 0.22 percent. SK Square, the parent firm of SK hynix, declined 0.61 percent, and Samsung Electro-Mechanics, an electronics component subsidiary of Samsung Electronics, dropped 0.7 percent. The Korean won traded at 1,362.6 won per U.S. dollar, marking a 4.2 won decline from the prior trading session.
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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- (LEAD) Seoul stocks open lower despite U.S. gains en.yna.co.kr
- Seoul stocks open lower despite US gains koreatimes.co.kr
