Home

The Korea Herald

Latest news

Most Popular

  1. 1

    IMF lowers Korea's 2025 growth outlook to 2%

    IMF lowers Korea's 2025 growth outlook to 2%
  2. 2

    Labor Ministry dismisses Hanni harassment case

    Labor Ministry dismisses Hanni harassment case
  3. 3

    North Korean troops fighting alongside Russia, NIS confirms

    North Korean troops fighting alongside Russia, NIS confirms
  4. 4

    Reality show 'I Live Alone' disciplined for 'glorifying' alcohol consumption

    Reality show 'I Live Alone' disciplined for 'glorifying' alcohol consumption
  5. 5

    [Herald Interview] How Gopizza got big in India

    [Herald Interview] How Gopizza got big in India
  1. 6

    Yoon focuses on expanding global solidarity against NK-Russia military ties at APEC, G20 summits

    Yoon focuses on expanding global solidarity against NK-Russia military ties at APEC, G20 summits
  2. 7

    [KH Explains] Dissecting Hyundai Motor's lobbying in US

    [KH Explains] Dissecting Hyundai Motor's lobbying in US
  3. 8

    Japan to hold 1st memorial for Korean forced labor victims at Sado mine

    Japan to hold 1st memorial for Korean forced labor victims at Sado mine
  4. 9

    [Kim Seong-kon] Farewell to the vanishing John Wayne era

    [Kim Seong-kon] Farewell to the vanishing John Wayne era
  5. 10

    [Graphic News] 70% of S. Koreans believe couples can live together without tying the knot: survey

    [Graphic News] 70% of S. Koreans believe couples can live together without tying the knot: survey
피터빈트

Seoul shares open higher on eased recession woes

By Yonhap

Published : Aug. 9, 2024 - 09:29

    • Link copied

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

South Korean stocks got off to a strong start Friday tracking overnight gains on Wall Street on eased recession woes.

The benchmark Korea Composite Stock Price Index added 36.85 points, or 1.44 percent, to 2,593.58 in the first 15 minutes of trading.

In the United States, stock indices finished higher as better-than-expected unemployment data buoyed investor sentiment.

The Dow Jones Industrial Average rose 1.76 percent and the tech-heavy Nasdaq Composite jumped 2.87 percent.

In Seoul, most shares started in positive territory.

Market bellwether Samsung Electronics increased 2.18 percent and its chipmaking rival SK hynix jumped 4.16 percent.

Leading battery maker LG Energy Solution rose 1.25 percent and SK Biopharm, a pharmaceutical unit under SK Group, rose 1.22 percent.

Top online portal operator Naver gained 3.26 percent on a strong second-quarter earnings report.

The local currency was trading at 1,375.95 won against the U.S. dollar, up 1.25 won from the previous session's close. (Yonhap)

More from Headlines