Seoul shares open flat despite US gains
South Korean stocks opened almost flat Wednesday as investors awaited the release of major corporate earnings reports.
The benchmark Korea Composite Stock Price Index lost 0.69 points, or 0.03 percent, to 2,382.82 in the first 15 minutes of trading.
Overnight, Wall Street ended higher as investors' expectations grew ahead of the release of tech bluechips' earnings reports.
The Dow Jones Industrial Average gained 0.62 percent, the tech-heavy Nasdaq composite rose 0.93 percent and the S&P 500 increased 0.73 percent.
In Seoul, big-cap shares were mixed.
Market bellwether Samsung Electronics added 0.29 percent, and SK hynix, the country's No. 2 chipmaker, gained 0.95 percent.
Auto shares got off to a strong start, with top carmaker Hyundai Motor up 0.11 percent, its smaller affiliate Kia up 0.61 percent and its auto parts-making affiliate Hyundai Mobis up 1.38 percent.
Home appliances maker LG Electronics jumped 1.14 percent.
On the other hand, battery and IT shares got off to a weak start.
Leading battery maker LG Energy Solution plunged 3.23 percent and its smaller rival Samsung SDI lost 3.02 percent. Posco Future M slid more than 4.4 percent.
Samsung Biologics dropped 1.22 percent, and Celltrion retreated 0.27 percent following big gains the previous day.
IT stocks also went south, with Internet portal operator Naver also down 0.32 percent, and Kakao, the operator of the country's top mobile messenger, down 1.14 percent.
The local currency was trading at 1,345.20 won against the U.S. dollar at 9:15 a.m., down 2.1 won from the previous session's close. (Yonhap)
(责任编辑:패션)
- Celltrion's Zymfentra to make US debut in February
- NewJeans to be first K
- 이동관 탄핵땐 방통위 1명 남아, 방송 재승인·재허가 올스톱
- Samsung Electronics accounts for 84% of Q3 smartphone sales
- Ateez closes 1st chapter of career with 'The World Ep. Fin: Will’
- ‘Gyeongseong Creature’ to lead year
- 사법공백 두달…대법원장 후보 조희대 지명
- [Herald Review] 'Different, but in harmony'
- As streaming services raise fees, some turn to illegal streaming sites
- Kakao CEO apologizes for SM stock manipulation allegations
- KDI slashes 2024 growth to 2.2%
- CATL reduces gap with LG Energy Solution
- [KH Explains] KG Mobility looks to turn to annual profit for 1st time in 7 years
- Investment opportunities in Kazakhstan, South Chungcheong Province highlighted at GBF
- 북·러 또 무기거래? "나진항에 석달새 대형선박 18척 드나들어”
- Samsung Electronics accounts for 84% of Q3 smartphone sales
- Han Kang wins prestigious French award for foreign literature
- Han Kang wins prestigious French award for foreign literature
- 군사합의 효력 정지 책임 넘긴 北 "한반도 전쟁은 시점 문제"
- 신당 추진 이준석 ‘천아용인’과 회동…김용태 “작전 이해 간다”
- [Herald Interview] Kim Jee views+
- Rebellions' AI chip to undergo IBM quality testing views+
- [Herald Interview] Love is what defines artist Dawn views+
- Major Korean firms fare worse than US counterparts in H1 views+
- Unification minister to visit Britain, Germany views+
- [Herald Review] ‘Cobweb,’ a fresh, new wind in the Korean box office views+
- [Herald Interview] Song Joong views+
- N.Korea blasts Yoon for denouncing military ties with Russia at UN views+
- [Feature] The rise and fall of terrestrial TV dramas views+
- [Korea Beyond Korea] Early Koreanists on verge of extinction overseas views+