Shares open higher on chip, finance gains

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Shares open higher on chip, finance gains

Published: 06 Dec. 2023, 09:38

KIM JU-YEON
[email protected]

Screens in Hana Bank's trading room in central Seoul show stock and foreign exchange markets close on Tuesday. [YONHAP]

Shares started higher Wednesday, led by gains in tech and finance.

The Kospi gained 5.65 points, or 0.23 percent, to 2,499.93 in the first 15 minutes of trading.

Overnight, U.S. stocks finished mixed, with the Dow Jones Industrial Average retreating 0.2 percent and the tech-heavy Nasdaq Composite edging up 0.3 percent.

In Seoul, chipmakers lent support to the positive opening, with Samsung Electronics rising 0.84 percent and SK hynix climbing 0.71 percent.

Banks and insurers were also in positive territory as Hana Financial Group added 0.6 percent and Samsung Fire & Marine Insurance advanced 1.73 percent.

But battery maker LG Energy Solution declined by 0.12 percent, and steel giant Posco Holdings lost 0.87 percent.

The local currency was trading at 1,312.5 won against the dollar, up 1.3 won from the previous session's close.

BY KIM JU-YEON, YONHAP [[email protected]]