Home

The Korea Herald

Latest news

Most Popular

  1. 1

    Trump picks ex-N. Korea policy official as his principal deputy national security adviser

    Trump picks ex-N. Korea policy official as his principal deputy national security adviser
  2. 2

    S. Korea not to attend Sado mine memorial: foreign ministry

    S. Korea not to attend Sado mine memorial: foreign ministry
  3. 3

    Toxins at 622 times legal limit found in kids' clothes from Chinese platforms

    Toxins at 622 times legal limit found in kids' clothes from Chinese platforms
  4. 4

    [Weekender] Korea's traditional sauce culture gains global recognition

    [Weekender] Korea's traditional sauce culture gains global recognition
  5. 5

    BLACKPINK's Rose stays at No. 3 on British Official Singles chart with 'APT.'

    BLACKPINK's Rose stays at No. 3 on British Official Singles chart with 'APT.'
  1. 6

    Wealthy parents ditch Korean passports to get kids into international school

    Wealthy parents ditch Korean passports to get kids into international school
  2. 7

    Gyeongju blends old with new

    Gyeongju blends old with new
  3. 8

    Over 80,000 malicious calls made to Seoul call center since 2020

    Over 80,000 malicious calls made to Seoul call center since 2020
  4. 9

    Korea to hold own memorial for forced labor victims, boycotting Japan’s

    Korea to hold own memorial for forced labor victims, boycotting Japan’s
  5. 10

    First snow to fall in Seoul on Wednesday

    First snow to fall in Seoul on Wednesday
지나쌤

Seoul shares open almost flat amid eased Fed rate woes

By Yonhap

Published : Oct. 26, 2022 - 09:42

    • Link copied

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 opened nearly unchanged on Wednesday amid expectations that the US Federal Reserve may ease up on its hawkish interest rate hikes.

The benchmark Korea Composite Stock Price Index rose 1.14 points, or 0.05 percent, to 2,236.21 in the first 15 minutes of trading.

Softer data on home price growth and consumer confidence, released Tuesday, renewed speculation that the Fed could start scaling down the rate hikes after its November monetary policy meeting set for next week.

In Seoul, tech heavyweight Samsung Electronics rose about 0.5 percent, with top battery maker LG Energy Solution gaining 1.5 percent.

Automakers, however, lost ground. Hyundai Motor was down 0.6 percent and its smaller affiliate Kia fell 1.5 percent.

The local currency was trading at 1,428.80 won against the US dollar as of 9:15 a.m., up 4.3 won from Tuesday's close. (Yonhap)

More from Headlines