Most Popular
-
1
Actor Jung Woo-sung admits to being father of model Moon Ga-bi’s child
-
2
Wealthy parents ditch Korean passports to get kids into international school
-
3
Man convicted after binge eating to avoid military service
-
4
First snow to fall in Seoul on Wednesday
-
5
Industry experts predicts tough choices as NewJeans' ultimatum nears
-
6
Final push to forge UN treaty on plastic pollution set to begin in Busan
-
7
Nvidia CEO signals Samsung’s imminent shipment of AI chips
-
8
Korea to hold own memorial for forced labor victims, boycotting Japan’s
-
9
Opposition chief acquitted of instigating perjury
-
10
Job creation lowest on record among under-30s
Seoul stocks open higher as FOMC comments calm investor concerns
By YonhapPublished : March 18, 2021 - 09:39
South Korean stocks opened higher Thursday, following the US Federal Reserve's reiteration that rates would remain at near-zero through 2023.
The benchmark Korea Composite Stock Price Index (KOSPI) rose 32.5 points, or 1.07 percent, to 3,080 points as of 9:23 a.m.
Stocks started strong as the results from a Federal Open Market Committee (FOMC) meeting partially soothed market concerns of earlier-than-expected post-pandemic inflation.
In Seoul, top cap Samsung Electronics advanced 1.22 percent, and No. 2 chipmaker SK hynix gained 2.86 percent.
Giant internet portal operator Naver climbed 1.83 percent, and its rival Kakao increased 1.03 percent.
Pharmaceutical giant Samsung Biologics moved up 1.25 percent, with Celltrion rising 1.53 percent.
Leading chemical firm LG Chem added 0.93 percent, and top automaker Hyundai Motor went up 1.94 percent.
The local currency was trading at 1,122.2 won against the US dollar, up 8 won from the previous session's close. (Yonhap)
The benchmark Korea Composite Stock Price Index (KOSPI) rose 32.5 points, or 1.07 percent, to 3,080 points as of 9:23 a.m.
Stocks started strong as the results from a Federal Open Market Committee (FOMC) meeting partially soothed market concerns of earlier-than-expected post-pandemic inflation.
In Seoul, top cap Samsung Electronics advanced 1.22 percent, and No. 2 chipmaker SK hynix gained 2.86 percent.
Giant internet portal operator Naver climbed 1.83 percent, and its rival Kakao increased 1.03 percent.
Pharmaceutical giant Samsung Biologics moved up 1.25 percent, with Celltrion rising 1.53 percent.
Leading chemical firm LG Chem added 0.93 percent, and top automaker Hyundai Motor went up 1.94 percent.
The local currency was trading at 1,122.2 won against the US dollar, up 8 won from the previous session's close. (Yonhap)
