Stocks open lower on first trading day of 2024
Published: 02 Jan. 2024, 11:14
- KIM JU-YEON
- kim.juyeon2@joongang.co.kr
The Kospi fell 7.74 points, or 0.29 percent, to 2,647.54 in the first 15 minutes of trading.
The stock market opened one hour late at 10:00 a.m. due to the main bourse's trade opening event.
Auto, airline and energy stocks led declines.
Automaker Hyundai Motor fell 1.2 percent, and auto parts maker Hyundai Mobis declined 0.8 percent.
Korean Air dropped 1.1 percent, while car battery maker LG Energy Solution shed 0.2 percent.
State utility Korea Electric Power Corporation was down 0.6 percent.
Among gainers, Samsung Electronics rose 0.4 percent, and shipbuilder Samsung Heavy Industries climbed 0.7 percent.
Shipping firm HMM jumped 4.2 percent, and the country's sole aircraft manufacturer, Korea Aerospace Industries, was up 2.4 percent.
The local currency was trading at 1,292.65 won against the dollar, up 4.65 won from the previous session's close.
BY KIM JU-YEON, YONHAP [kim.juyeon2@joongang.co.kr]
with the Korea JoongAng Daily
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