[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 amid US debt ceiling woesBy Yonhap
Published : May 16, 2023 - 09:35
South Korean stocks opened higher Tuesday as investor sentiment was buoyed by ongoing US debt ceiling negotiations.
The benchmark Korea Composite Stock Price Index climbed 16.3 points, or 0.66 percent, to 2,495.65 in the first 15 minutes of trading.
US stocks finished a tad higher overnight on rising optimism that Washington would reach a debt ceiling deal.
The Dow Jones Industrial Average rose 0.14 percent, and the tech-savvy Nasdaq Composite went up 0.66 percent.
In Seoul, market bellwether Samsung Electronics gained 1.71 percent and its rival SK hynix rose 3.12 percent.
Leading chemicals maker LG Chem added 1.88 percent, and top retailer Lotte Shopping edged up 0.25 percent.
The local currency was trading at 1,333.6 won against the US dollar as of 9:15 a.m., up 3.4 won from Monday'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