Kospi opens slightly higher as U.S. stocks rebound

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Kospi opens slightly higher as U.S. stocks rebound

Published: 17 Oct. 2024, 10:21

CHO YONG-JUN
cho.yongjun1@joongang.co.kr

A screen in Hana Bank's trading room in central Seoul shows the Kospi opening on Thursday. [YONHAP]

Shares opened a tad higher Thursday tracking overnight gains on Wall Street.

The benchmark Kospi added 1.75 points, or 0.07 percent, to 2,612.11 in the first 15 minutes of trading.

U.S. stocks rebounded on Wednesday, one day after posting sharp declines on concerns of a downturn in the AI and semiconductor market.

The Dow Jones Industrial Average gained 0.79 percent to close at 43,077.70, with the tech-heavy Nasdaq advancing 0.28 percent to 18,367.08.

In Seoul, large caps traded mixed.

Samsung Electronics gained 0.17 percent while SK hynix advanced 1.22 percent.

Battery makers were in positive terrain, with LG Energy Solution climbing 0.12 percent, while Samsung SDI added 0.29 percent.

Hyundai Motor plunged 3.44 percent, with Kia slipping 2.15 percent.

The local currency was trading at 1,365.05 won against the dollar, up 2.45 won from the previous session.

BY CHO YONG-JUN, YONHAP [cho.yongjun1@joongang.co.kr]