Kospi opens lower following Wall Street's overnight losses

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Kospi opens lower following Wall Street's overnight losses

Published: 27 Mar. 2024, 11:00

LEE SOO-JUNG
[email protected]

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

Stocks opened a tad lower Wednesday, tracking overnight losses on Wall Street.

The Kospi lost 6.94 points, or 0.25 percent, to hit 2,750.15 in the first 15 minutes of trading.

U.S. stocks finished lower ahead of key inflation data. The Dow Jones Industrial Average fell 0.08 percent, and the tech-rich Nasdaq composite slid 0.42 percent.

In Seoul, market heavyweights traded in mixed territory.

Samsung Electronics retreated 0.75 percent. SK hynix added 0.91 percent.

Hyundai Motor rose 1.25 percent. Kia fell 1.05 percent.

LG Energy Solution gained 1.11 percent.

Shinhan Financial Group slumped 3.92 percent.

The local currency was trading at 1,343.45 won against the dollar, up 3.95 won from the previous session's close.

BY LEE SOO-JUNG, YONHAP [[email protected]]