[News Focus] Why Kim Jong-un spotlights mothers
‘Korea could go extinct without proper immigration policy’: minister
LG Display launches voluntary redundancy program in efficiency drive
S. Korea, US, Japan to discuss regional security issues: White House
[KH Explains] Banks, regulators trade blame for snowballing ELS losses
Seoul shares open higher despite potential US govt. shutdown woesBy Yonhap
Published : Nov. 14, 2023 - 09:39
South Korean stocks opened higher Tuesday on advances in tech shares amid growing concerns that the United States may face a government shutdown.
The benchmark Korea Composite Stock Price Index added 25.87 points, or 1.08 percent, to 2,429.63 in the first 15 minutes of trading.
Investors have been closely monitoring the possibility that the US may face a government shutdown should Congress fail to pass a spending plan by Friday.
Overnight, US shares closed mixed, with the Dow Jones Industrial Average gaining 0.16 percent, while the Nasdaq Composite slipped 0.22 percent.
In Seoul, tech giant Samsung Electronics moved up 0.71 percent, and No. 2 chipmaker SK hynix gained 0.23 percent. Top battery maker LG Energy Solution added 2.53 percent.
Chemical shares also gathered ground, with LG Chem rising 2.09 percent and oil refiner SK Innovation increasing 2.29 percent.
The local currency was trading at 1,320.8 won against the US dollar at 9:15 a.m., up 4.3 won from the previous session's close. (Yonhap)
S. Korea eyes chip alliance with Netherlands
SK carries out complete reshuffle of top brass
Suneung without 'killer questions' still not easy, results show