Home

The Korea Herald

Latest news

Most Popular

  1. 1

    Contentious grain bill put directly to plenary meeting for vote

    Contentious grain bill put directly to plenary meeting for vote
  2. 2

    Yoon's approval rating plunges to all-time low

    Yoon's approval rating plunges to all-time low
  3. 3

    Will tug-of-war between doctors, government end soon?

    Will tug-of-war between doctors, government end soon?
  4. 4

    Climate impacts set to cut 2050 global GDP by nearly a fifth

    Climate impacts set to cut 2050 global GDP by nearly a fifth
  5. 5

    Trilateral talks acknowledge ‘serious’ slumps of won, yen

    Trilateral talks acknowledge ‘serious’ slumps of won, yen
  1. 6

    [KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs

    [KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs
  2. 7

    North Korea removes streetlights along cross-border roads with South

    North Korea removes streetlights along cross-border roads with South
  3. 8

    Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official

    Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official
  4. 9

    S. Korea votes in favor of Palestinian bid for UN membership

    S. Korea votes in favor of Palestinian bid for UN membership
  5. 10

    Farming households dip below 1m for first time in 2023

    Farming households dip below 1m for first time in 2023
소아쌤

Seoul stocks open tad lower on recession woes

By Yonhap

Published : Dec. 26, 2022 - 09:32

    • Link copied

An electronic board showing the Korea Composite Stock Price Index at a dealing room of the Hana Bank headquarters in Seoul on Monday. (Yonhap) An electronic board showing the Korea Composite Stock Price Index at a dealing room of the Hana Bank headquarters in Seoul on Monday. (Yonhap)

South Korean stocks opened slightly lower Monday as investors took to the sidelines amid the recession woes.

The benchmark Korea Composite Stock Price Index had slipped 1.68 points, or 0.07 percent, to 2,312.01 points as of 9:15 a.m.

Stocks got off to another muted start, with the KOSPI retreating every session since Dec. 15, except for last Thursday, amid a pessimistic economic outlook for 2023 and monetary tightening moves in major economies.

In Seoul, top cap Samsung Electronics traded flat, and No. 2 chipmaker SK hynix decreased 0.77 percent.

Leading chemical firm LG Chem lost 0.49 percent, and financial heavyweight KB Financial Group retreated 0.67 percent.

Internet portal operator Naver declined 0.28 percent, and leading automaker Hyundai Motor traded unchanged from the previous session.

The local currency was trading at 1,275.2 won against the US dollar as of 9:15 a.m., up 5.6 won from the previous session's close. (Yonhap)

More from Headlines