Kospi opens higher as semiconductor and battery shares drive gains

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Kospi opens higher as semiconductor and battery shares drive gains

Published: 28 Oct. 2024, 11:40

KIM JU-YEON
[email protected]

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

Shares started higher Monday on gains from semiconductor and battery shares.

The Kospi rose 14.75 points, or 0.57 percent, to 2,598.02 in the first 15 minutes of trading.

Samsung Electronics added 1.61 percent and its chipmaking rival SK hynix rose 0.75 percent.

EV battery maker LG Energy Solution increased 0.86 percent and Posco Future M surged 3.74 percent.

Carmaker Hyundai Motor went up 0.67 percent and its smaller affiliate Kia jumped 2.59 percent.

The local currency was trading at 1,388.95 won against the dollar, up 0.25 won from the previous session.

BY KIM JU-YEON, YONHAP [[email protected]]