Kospi suffers minor dip as it fails to match Wall Street gains
Published: 10 Sep. 2024, 10:50
Updated: 10 Sep. 2024, 11:01
![A screen in Hana Bank's trading room in central Seoul shows the Kospi opening on Tuesday. [AP/YONHAP]](https://koreajoongangdaily.joins.com/data/photo/2024/09/10/9593d630-3f9f-4502-8861-c2b745f32361.jpg)
A screen in Hana Bank's trading room in central Seoul shows the Kospi opening on Tuesday. [AP/YONHAP]
Shares started lower Tuesday despite overnight gains on Wall Street.
The benchmark Kospi opened slightly higher but lost 0.48 percent, or 12.09 points, to 2,523.84 in the first 15 minutes of trading.
Overnight, major U.S. indexes closed higher after the previous week's big losses.
The Dow Jones Industrial Average rose 1.2 percent, and the tech-heavy Nasdaq composite gained 1.16 percent.
In Seoul, market heavyweights led the weak opening.
Samsung Electronics fell 1.33 percent, and its chipmaking rival SK hynix retreated 0.19 percent.
Carmaker Hyundai Motor dropped 1.09 percent, and battery maker LG Energy Solution sank 3.5 percent.
The local currency was trading at 1,344.35 won against the dollar, up 4.55 won from the previous session.
BY YOON SEUNG-JIN, YONHAP [[email protected]]
with the Korea JoongAng Daily
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