Most Popular
-
1
1 in 3 Koreans live alone, family types becoming diverse
-
2
Korea, Japan finance chiefs vow to tame rampant FX market volatility
-
3
US 'incredibly concerned' about suspected NK-Iran military ties
-
4
K-pop group's manager dismissed for setting up spycam in theater dressing room
-
5
K-pop singer lost consciousness after being hit by foul ball, cancels show
![[Kim Seong-kon] Democracy and the future of South Korea](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/04/16/20240416050802_0.jpg&u=)
Seoul stocks open higher on hopes of global economic recovery
By YonhapPublished : April 7, 2021 - 09:31
South Korean stocks opened higher Wednesday on investor optimism for a faster-than-expected global economic recovery, backed by the latest forecast from the International Monetary Fund (IMF).
The benchmark Korea Composite Stock Price Index (KOSPI) rose 8.75 points, or 0.28 percent, to 3,135.83 points in the first 15 minutes of trading.
The firm start comes after the IMF raised its global economic growth forecast for this year to 6 percent from its earlier estimate of 5.5 percent.
Market kingpin Samsung Electronics Co. fell 0.58 percent, while No. 2 chipmaker SK hynix advanced 0.35 percent.
Internet portal operator Naver shed 0.77 percent, with its rival Kakao slipping 0.92 percent.
Top chemicals firm LG Chem jumped 2.46 percent, and rechargeable battery maker Samsung SDI surged 4.21 percent.
Leading automaker Hyundai Motor added 0.65 percent.
The local currency was trading at 1,118.5 won against the US dollar, up 1.1 won from the previous session's close. (Yonhap)
The benchmark Korea Composite Stock Price Index (KOSPI) rose 8.75 points, or 0.28 percent, to 3,135.83 points in the first 15 minutes of trading.
The firm start comes after the IMF raised its global economic growth forecast for this year to 6 percent from its earlier estimate of 5.5 percent.
Market kingpin Samsung Electronics Co. fell 0.58 percent, while No. 2 chipmaker SK hynix advanced 0.35 percent.
Internet portal operator Naver shed 0.77 percent, with its rival Kakao slipping 0.92 percent.
Top chemicals firm LG Chem jumped 2.46 percent, and rechargeable battery maker Samsung SDI surged 4.21 percent.
Leading automaker Hyundai Motor added 0.65 percent.
The local currency was trading at 1,118.5 won against the US dollar, up 1.1 won from the previous session's close. (Yonhap)
![[KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2024/04/18/20240418050645_0.jpg&u=20240418181020)
![[Today’s K-pop] Zico drops snippet of collaboration with Jennie](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=642&simg=/content/image/2024/04/18/20240418050702_0.jpg&u=)