Kospi opens higher to track Wall Street gains

Finance

Published: 20 Mar. 2024, 10:31

Kospi opens higher to track Wall Street gains

Screens in Hana Bank's trading room in central Seoul show the stock market price as it opens on Wednesday. [YONHAP]

Stocks opened sharply higher Wednesday, tracking overnight gains on Wall Street.

The Kospi gained 23.92 points, or 0.90 percent, to 2,680.10 in the first 15 minutes of trading.

Overnight, the Dow Jones Industrial Average closed 0.83 percent higher.

In Seoul, large caps traded mixed.

Samsung Electronics added 1.10 percent, while SK hynix remained flat.

LG Energy Solution climbed 0.50 percent, with Samsung SDI shedding 0.33 percent.

Hyundai Motor surged 2.95 percent, with Kia Motors advancing 0.34 percent.

The local currency was trading at 1,338.20 won against the dollar, down 1.60 won from the previous session's close.

BY LEE SOO-JUNG, YONHAP [lee.soojung1@joongang.co.kr]