Korean shares open higher as investors snap up bio, tech
Published: 29 Jan. 2024, 09:49
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- KIM JU-YEON
- kim.juyeon2@joongang.co.kr
![Screens in Hana Bank's trading room in central Seoul show stock markets close on Friday. [YONHAP]](https://koreajoongangdaily.joins.com/data/photo/2024/01/29/38c672d1-4bb9-4dd2-9813-da030e5e3f4f.jpg)
Screens in Hana Bank's trading room in central Seoul show stock markets close on Friday. [YONHAP]
Shares opened higher Monday as institutions and foreign investors scooped up tech, bio and other blue chips.
The benchmark Kospi climbed 0.49 percent, or 12.11 points, to 2,490.67 in the first 15 minutes of trading.
Samsung Electronics gained 0.41 percent, and LG Electronics rose 1.07 percent.
Bio shares also traded higher, with Samsung Biologics soaring 5.30 percent and Celltrion advancing 2.41 percent.
Auto and energy stocks gained momentum as well. Hyundai Motor and Kia rose 0.91 percent and 1.91 percent, respectively, and leading refiner SK Innovation added 1.99 percent.
The local currency was trading at 1,338.05 won against the dollar, up 1.75 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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