Kospi breaks recent losing streak to jump 1.17%
Published: 23 Jul. 2024, 09:56
- CHO YONG-JUN
- [email protected]
Following a fourth straight session of decline, the benchmark Kospi added 32.30 points, or 1.17 percent, to reach 2,795.81 in the first 15 minutes of trading.
Overnight, major U.S. indexes gained ground as big-cap tech shares, including Nvidia, ASML, Microsoft and Alphabet, rebounded after their slump last week.
In Seoul, Samsung Electronics rose 1.69 percent and chipmaker SK hynix gained 1.71 percent.
Hyundai Motor jumped 2.35 percent and its affiliate Kia soared 2.93 percent. Its auto parts affiliate, Hyundai Mobis, also shot up 2.71 percent.
Samsung C&T, a trading firm, also advanced more than 2.4 percent.
Financial shares kicked off strong, with KB Financial up 0.81 percent and Hana Financial up 1.1 percent.
The local currency was trading at 1,387.00 won against the dollar at 9:15 a.m., down 1.20 won from the previous session's close.
BY CHO YONG-JUN, YONHAP [[email protected]]
with the Korea JoongAng Daily
To write comments, please log in to one of the accounts.
Standards Board Policy (0/250자)