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Assembly votes to let court decide on opposition chief’s arrest warrant
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Parliament passes arrest motion against opposition leader, dismissal motion against PM
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Opposition head pleads for support in ‘fight against Yoon dictatorship’
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Number of dementia patients set to surpass 1m this year
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Koreans prefer cash in Chuseok gifting for parents
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Broadcom slapped with W19.1b fine for abusing market power in Korea
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Seoul plans to modernize Dongseoul Bus Terminal
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Apple to launch iPhone15 series in S. Korea on Oct. 13
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Seoul shares open nearly flat on lingering US debt ceiling concerns
By YonhapPublished : May 17, 2023 - 09:34
South Korean stocks started nearly unchanged Wednesday amid protracted US debt-ceiling negotiations.
The benchmark Korea Composite Stock Price Index fell 0.11 point to 2,480.13 in the first 15 minutes of trading.
On Wall Street, the Dow Jones Industrial Average tumbled 1.01 percent and the tech-heavy Nasdaq Composite declined 0.18 percent as investors awaited developments in the negotiations on debt deals.
In Seoul, big caps traded in mixed territories.
Top carmaker Hyundai Motor rose 0.74 percent and its auto parts affiliate Hyundai Mobis went up 0.91 percent.
LG Display soared 4.47 percent on the latest news report that it will supply OLED TV panels to Samsung Electronics, which fell 0.31 percent.
Leading retailer Lotte Shopping fell 0.98 percent, and Shinsegae dropped 0.25 percent.
The local currency was trading at 1,341.45 won against the US dollar as of 9:15 a.m., down 2.85 won from Tuesday's close. (Yonhap)
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