Geopolitical tensions keep Kospi flat in early trading
Published: 04 Oct. 2024, 10:14
Updated: 04 Oct. 2024, 10:30
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- CHO YONG-JUN
- cho.yongjun1@joongang.co.kr
![A screen in Hana Bank's trading room in central Seoul shows the Kospi opening on Friday. [YONHAP]](https://koreajoongangdaily.joins.com/data/photo/2024/10/04/f2a7c481-a92c-4c0c-a5bf-3db71dd573d5.jpg)
A screen in Hana Bank's trading room in central Seoul shows the Kospi opening on Friday. [YONHAP]
The benchmark Kospi fell 0.02 percent, or 0.48 points, to 2,561.21 in the first 15 minutes of trading.
Overnight, U.S. shares lost ground amid the growing conflict between Israel and Iran, with the Dow Jones Industrial Average losing 0.44 percent and the tech-heavy Nasdaq composite falling 0.04 percent.
International benchmark Brent crude, meanwhile, soared 5.03 percent amid concerns that Israel may strike oil facilities in Iran.
In Seoul, tech shares traded mixed, with Samsung Electronics falling 0.33 percent while SK hynix gained 1.71 percent.
Pharmaceutical firms started higher, with Samsung Biologics rising 3.17 percent and Celltrion advancing 0.89 percent.
The local currency was trading at 1,332 won against the dollar, up 12.7 won from the previous session.
BY CHO YONG-JUN, YONHAP [cho.yongjun1@joongang.co.kr]
with the Korea JoongAng Daily
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