Yoon pushes for Xi’s visit to firm up ties with China
Esports legend Faker seeks to lead Korean surge at Asian Games
Incheon Airport passenger traffic to recover during Chuseok holiday
[Hello Hangeul] The making of Korean language textbooks featuring BTS
Korea’s parental leave benefits lag behind OECD average
Golden apples: Why fruit prices are national issue in early autumn
Seoul prepares for first major military parade in ten years
Korea trade volume sees sharp drop among OECD members
2m Koreans opt out of life-extending treatments
[Korea Beyond Korea] Early Koreanists 'on verge of extinction overseas'
Seoul shares open higher on tech, auto gainsBy Yonhap
Published : April 28, 2023 - 09:49
South Korean stocks opened higher Friday, tracking overnight gains on Wall Street, as major chipmakers and platform operators gathered ground on hope of a better outlook.
The benchmark Korea Composite Stock Price Index added 6.72 points, or 0.27 percent, to 2,502.53 in the first 15 minutes of trading.
Overnight, US shares ended higher as Meta Platforms' upbeat quarterly earnings report boosted tech shares. The Dow Jones Industrial Average rose 1.57 percent, and the tech-heavy Nasdaq Composite surged 2.43 percent.
In Seoul, top-cap shares opened mixed.
Market bellwether Samsung Electronics rose 0.93 percent and chipmaker SK hynix soared 1.91 percent.
Internet giant Naver jumped 1.97 percent, and Kakao, the operator of the popular mobile messenger KakaoTalk, advanced 2.33 percent
But battery and chemical shares fell on profit-taking.
Leading battery maker LG Energy Solution went down 1.19 percent, and top chemical firm LG Chem shed 0.81 percent. Samsung SDI lost 1.42 percent.
Carmakers also opened lower, with No. 1 automaker Hyundai Motor falling 1.19 percent, and its affiliate Kia skidding 1.04 percent.
The local currency was trading at 1,338.70 won against the US dollar as of 9:15 a.m., down 0.7 won from the previous session's close. (Yonhap)
Opposition leader Lee attends arrest warrant hearing at Seoul court
Yoon says S. Korea-US alliance will end NK regime in event of nuclear weapons use
Chief justice seat at top court left vacant amid Assembly chaos