Kospi opens higher as battery and automotive stocks lead gains
Published: 07 Oct. 2024, 10:21
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- KIM JU-YEON
- kim.juyeon2@joongang.co.kr
![A screen in Hana Bank's trading room in central Seoul shows the Kospi opening on Monday. [YONHAP]](https://koreajoongangdaily.joins.com/data/photo/2024/10/07/49ab6082-bf36-460e-87aa-4a9acafa4fa4.jpg)
A screen in Hana Bank's trading room in central Seoul shows the Kospi opening on Monday. [YONHAP]
Shares opened higher Monday led by gains among battery and automotive shares.
The Kospi rose 0.21 percent, or 5.33 points, to 2,575.04 in the first 15 minutes of trading.
Battery manufacturers and automakers led the overall gains, with battery maker LG Energy Solution jumping 2.85 percent and automaker Hyundai Motor adding 1.46 percent.
Financial firms also gained traction, with KB Financial rising 1.57 percent and Shinhan Financial Group up 0.55 percent.
In contrast, Samsung Electronics dropped 0.83 percent, while chip rival SK hynix climbed 2.47 percent.
The local currency was trading at 1,343.9 won against the dollar, up 10.2 won from the previous session.
BY KIM JU-YEON, YONHAP [kim.juyeon2@joongang.co.kr]
with the Korea JoongAng Daily
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