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
South Korean stocks opened sharply higher Wednesday, tracking overnight gains on Wall Street led by tech shares on eased inflation concerns.
The benchmark Korea Composite Stock Price Index (KOSPI) rose 36.3 points, or 1.22 percent, to 3,012.42 points in the first 15 minutes of trading.
Overnight, the tech-heavy Nasdaq Composite surged 3.7 percent to 13,073.82, its largest one-day gain since Nov. 4, after the yield on the US 10-year Treasury note fell. The S&P 500 advanced 1.4 percent to 3,875.44, while the Dow Jones Industrial Average rose 0.1 percent to 31,832.74.
In Seoul, large caps got off to a strong start.
Market kingpin Samsung Electronics rose 1.23 percent, while No. 2 chipmaker SK hynix gained 1.83 percent.
Top automaker Hyundai Motor advanced 0.86 percent, while leading chemical firm LG Chem surged 5.69 percent.
Pharmaceutical giant Samsung Biologics jumped 1.75 percent, while Celltrion climbed 2.96 percent.
However, the country's largest steelmaker Posco plunged 3.79 percent.
The local currency was trading at 1,137.3 won to the US dollar, up 3.0 won from the previous session's close. (Yonhap)
The benchmark Korea Composite Stock Price Index (KOSPI) rose 36.3 points, or 1.22 percent, to 3,012.42 points in the first 15 minutes of trading.
Overnight, the tech-heavy Nasdaq Composite surged 3.7 percent to 13,073.82, its largest one-day gain since Nov. 4, after the yield on the US 10-year Treasury note fell. The S&P 500 advanced 1.4 percent to 3,875.44, while the Dow Jones Industrial Average rose 0.1 percent to 31,832.74.
In Seoul, large caps got off to a strong start.
Market kingpin Samsung Electronics rose 1.23 percent, while No. 2 chipmaker SK hynix gained 1.83 percent.
Top automaker Hyundai Motor advanced 0.86 percent, while leading chemical firm LG Chem surged 5.69 percent.
Pharmaceutical giant Samsung Biologics jumped 1.75 percent, while Celltrion climbed 2.96 percent.
However, the country's largest steelmaker Posco plunged 3.79 percent.
The local currency was trading at 1,137.3 won to the US dollar, up 3.0 won from the previous session's close. (Yonhap)
