Kospi turns 0.26% higher after opening lower as Wall Street slips
Briefing by News4U · First published
In this morning's News4U market wrap, Yonhap Business reported Seoul shares turned higher after a weak start Wednesday amid concerns that hotter-than-expected U.S. inflation could prompt rate hikes. After opening 0.56 percent lower, the Kospi was up 13.71 points, or 0.26 percent, at 5,252.84 as of 9:15 a.m. Overnight, the Dow Jones Industrial Average dropped 0.3 percent and the Nasdaq Composite declined 0.74 percent. Samsung Electronics fell 0.2 percent and SK hynix declined 0.5 percent, while Hyundai Mobis rose 1.99 percent and POSCO Holdings climbed 1.29 percent. The won was quoted at 1,339.75 per dollar as of 9:15 a.m., up 4.75 won from the previous close. [1]
Sources
- (LEAD) Seoul shares turn higher after weak start amid inflation woes
Yonhap Business · · Full text