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지나쌤

Seoul shares open tad higher on US gains

By Yonhap

Published : Dec. 27, 2023 - 09:33

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An electronic board showing the Korea Composite Stock Price Index at a dealing room of the Hana Bank headquarters in Seoul on Wednesday. (Yonhap) An electronic board showing the Korea Composite Stock Price Index at a dealing room of the Hana Bank headquarters in Seoul on Wednesday. (Yonhap)

South Korean stocks started a tad higher Wednesday, tracking overnight gains on Wall Street.

The benchmark Korea Composite Stock Price Index climbed 1.09 points, or 0.04 percent, to 2,603.68 in the first 15 minutes of trading.

US stock indices gained ground, with the Dow Jones Industrial Average rising 0.43 percent and the tech-heavy Nasdaq Composite gaining 0.54 percent.

In Seoul, tech and battery shares led the positive start.

Samsung Electronics, the world's largest memory chipmaker, increased 1.04 percent and flat screen manufacturer LG Display edged up 0.08 percent.

Leading battery maker LG Energy solution gained 0.84 percent, and Posco Future M jumped 2.87 percent.

But carmakers went south, with industry leader Hyundai Motor falling 0.6 percent and its sister Kia retreating 0.42 percent.

The local currency was trading at 1,294.65 won against the US dollar, down 0.15 won from the previous session's close. (Yonhap)