Seoul stocks jump 2.2% after overnight US tech rebound as midterm results loom
Briefing by News4U · First published
South Korean stocks opened sharply higher on Wednesday as investors awaited U.S. midterm election results, Yonhap Business reported, with the KOSPI up 124.21 points, or 2.2 percent, to 5,773 as of 9:15 a.m., Samsung Electronics up 1.94 percent and SK hynix up 3.86 percent after overnight gains of 0.83 percent on the Nasdaq, 0.36 percent on the S&P 500 and 2.63 percent on the PHLX chip index. RTHK Finance, citing AFP, said U.S. stocks ended mostly higher Tuesday as oil prices pulled back, with the Nasdaq up 0.8 percent to 25,372, the S&P 500 up 0.4 percent to 7,569 and the Dow down 0.4 percent to 51,787, while most European indices were little changed and London's FTSE was weighed by oil and gas shares. [1] [2]
Sources
- (LEAD) Seoul shares open sharply higher on tech gains ahead of U.S. midterm election results
Yonhap Business · · Full text
- US stocks end mostly up as markets wait on midterms
RTHK Finance · · Excerpt