Most Popular
-
1
With teammate's help, inconsolable shooter regroups in time to win bronze
-
2
Where is Blackpink headed?
-
3
S. Korea wins gold in women's badminton, 1st since 1994
-
4
Traffic heavy on expressways following Chuseok
-
5
Police launch belated probe into another teacher's suicide after parental harassment
-
6
Households in capital areas hold 70 pct larger assets than non-metropolitan families: data
-
7
Expressways remain congested four days into Chuseok holidays
-
8
Inflation driving up costs to eat out
-
9
Seoul's financial assistance for egg freezing receives attention from single women
-
10
Jungkook of BTS sweeps iTunes’ Top Songs charts in 100 different regions
Seoul shares opened higher Monday, tracking Wall Street gains, as investors expect the US Federal Reserve will not raise interest rates this month due to signs of US labor market slackening.
The benchmark Korea Composite Stock Price Index rose 13.34 points, or 0.51 percent, to 2,614.70 in the first 15 minutes of trading.
On June 2, the Dow Jones Industrial Average jumped 2.1 percent to 33,762.76, and the Nasdaq Composite gained 1 percent to 13,240.77.
The May US jobs report cemented bets for the Fed's rate pause in June as it hinted there are signs of labor-market slackening despite an increase in hiring, analysts said. Labor market slack is the unmet demand for employment within a given population.
In Seoul, auto, airline and energy stocks led gains.
Top carmaker Hyundai Motor Co. rose 1 percent, national flag carrier Korean Air Co. climbed 0.9 percent, leading chemical firm LG Chem Ltd. added 0.7 percent, and leading refiner SK Innovation Co. was up 2 percent.
Among decliners, market bellwether Samsung Electronics Co. fell 0.7 percent, No. 2 chipmaker SK hynix Inc. declined 0.6 percent, KG Mobility, which was formerly known as SsangYong Motor Co., shed 1.2 percent.
The local currency was trading at 1,310.15 won against the US dollar at around 9:15 a.m., down 4.45 won from the previous session's close. (Yonhap)
More from Headlines
