Stocks open slightly higher Wednesday as investors pay attention to U.S. midterm elections

Finance

Published: 09 Nov. 2022, 10:14

Stocks open slightly higher Wednesday as investors pay attention to U.S. midterm elections

Electronic display boards at Hana Bank in central Seoul show stock and foreign exchange markets on Wednesday morning. [NEWS1]

Stocks opened slightly higher Wednesday with investors paying keen attention to the U.S. midterm election results.

The benchmark Kospi increased 6.52 points, or 0.27 percent, to 2,405.56 points as of 9:15 a.m.

Overnight, the Dow Jones Index added 1.02 percent and the tech-heavy Nasdaq Composite advanced 0.49 percent.

In Seoul, Samsung Electronics rose 0.16 percent, while SK hynix fell 0.34 percent.

Hyundai Motor slipped 0.29 percent, but its affiliate Kia rose 0.15 percent. LG Chem increased 0.14 percent.

The won was changing hands at 1,379.5 won against the dollar as of 9:15 a.m., down 5.4 won from the previous session's close.

BY CHO JUNG-WOO, YONHAP [cho.jungwoo1@joongang.co.kr]