Kospi remains flat despite overnight Wall Street gains
Published: 22 Mar. 2024, 10:57
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- LEE SOO-JUNG
- [email protected]
![Screens in Hana Bank's trading room in central Seoul show the stock market price as it opens on Friday. [YONHAP]](https://koreajoongangdaily.joins.com/data/photo/2024/03/22/39bb717d-f6d1-4bcd-80c5-38ca2840023d.jpg)
Screens in Hana Bank's trading room in central Seoul show the stock market price as it opens on Friday. [YONHAP]
The Kospi edged down 2.76 points, or 0.1 percent, to 2,752.1 in the first 15 minutes of trading.
On Thursday, the main index rallied by more than 2 percent amid growing hopes for U.S. rate cuts soon.
Overnight, the Dow Jones Industrial Average climbed 0.68 percent to a new high, while the S&P 500 and Nasdaq also advanced to set a record by increasing 0.32 percent and 0.2 percent, respectively.
In Seoul, Samsung Electronics fell 0.76 percent and SK hynix lost 0.88 percent.
Among tech shares, Naver gained 2.06 percent, and rival Kakao added 0.75 percent.
The local currency was trading at 1,330.8 won against the dollar, up 8.4 won from the previous session's close.
BY LEE SOO-JUNG [[email protected]]
with the Korea JoongAng Daily
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