Seoul shares open higher on tech gains

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Seoul shares open higher on tech gains

A screen in Hana Bank's trading room in central Seoul shows stock and foreign exchange markets open on Friday. [NEWS1]

A screen in Hana Bank's trading room in central Seoul shows stock and foreign exchange markets open on Friday. [NEWS1]

 
Stocks opened slightly higher Friday, tracking Wall Street gains, as big-cap tech shares gathered ground.
 
The benchmark Kospi added 6.34 points, or 0.26 percent, to 2,445.43 in the first 15 minutes of trading.
 
Overnight, U.S. shares ended higher following a recent rout amid lingering uncertainties over the United States' monetary policy path to curb inflation. The Dow Jones Industrial Average rose 0.33 percent, and the tech-heavy Nasdaq Composite advanced 0.72 percent.
 
In Seoul, tech blue chips led the upturn of the index.
 
Samsung Electronics rose 0.48 percent, and chip maker SK hynix grew 0.86 percent.
 
Battery maker LG Energy Solution went up 0.2 percent, and Samsung SDI advanced 0.73 percent.
 
LG Chem increased 0.45 percent.
 
Automaker Hyundai Motor rose 0.34 percent, and its affiliate Kia gained 0.39 percent.
 
But bio shares lost ground, with Samsung Biologics losing 0.63 percent and Celltrion falling 0.6 percent.
 
Among decliners, steelmaker Posco Holdings sank 0.9 percent.
 
The local currency was trading at 1,297.45 won against the dollar as of 9:15 a.m., up 0.35 won from the previous session's close.

Yonhap
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