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Kospi opens higher amid hopes for end to U.S. government shutdown

Published: 11 Nov. 2025, 09:47

A screen in Hana Bank's trading room in central Seoul shows the Kospi on the morning of Nov. 11. [YONHAP]

Shares opened higher Tuesday, tracking overnight gains on Wall Street, amid hopes for an end to the U.S. government shutdown.

The benchmark Kospi rose 89.06 points, or 2.19 percent, to 4,162.30 in the first 15 minutes of trading.

Overnight, the Dow Jones Industrial Average gained 0.81 percent, while the tech-heavy Nasdaq Composite advanced 2.27 percent.

The U.S. Senate advanced a plan to end the record-long government shutdown, and U.S. President Donald Trump expressed support for the bipartisan deal.

In Seoul, most large-cap stocks traded higher.

Market bellwether Samsung Electronics jumped 3.88 percent, and its chip rival SK hynix climbed 3.3 percent.

Top automaker Hyundai Motor rose 0.74 percent, while its smaller affiliate Kia gained 0.97 percent.

Leading battery maker LG Energy Solution added 3.97 percent, and leading shipbuilder HD Hyundai Heavy Industries rose 2.04 percent.

Among decliners, Hyundai Steel slipped 0.78 percent, and leading shipping firm HMM lost 0.74 percent.

The local currency had been trading at 1,456.75 won against the dollar as of 9:15 a.m. The exchange rate was up 0.37 percent from the previous session's 3:30 p.m. quote of 1,451.4 won.

Yonhap