Seoul shares open lower on Fed, growth woes

South Korean stocks opened lower Wednesday, tracking an overnight drop on Wall Street, on lingering concerns about further interest rate hikes by the Federal Reserve and the US economic outlook.
The benchmark Korea Composite Stock Price Index shed 3.01 points, or 0.12 percent, to 2,459.96 in the first 15 minutes of trading.
Overnight, US shares ended markedly lower as data pointed to weaker-than-expected consumer confidence, stoking fears over a slowdown in the world's largest economy.
Investors remained worried about the Fed's continued push for aggressive monetary tightening, as more data showed record high home prices for July.
The Dow Jones Industrial Average sank 1.14 percent, and the tech-heavy Nasdaq Composite tumbled 1.57 percent.
On the Seoul bourse, top-cap shares traded mixed.
Market bellwether Samsung Electronics rose 0.73 percent on bargain hunting, while leading battery maker LG Energy Solution fell 0.63 percent.
Chip giant SK hynix retreated 1.13 percent, and Samsung SDI sank 1.72 percent. LG Chem dropped 2.08 percent.
Carmakers opened mixed, with top automaker Hyundai Motor remaining unchanged and Kia going down 0.25 percent.
Major biotech firm Samsung Biologics inched up 0.15 percent, but platform giant Naver shed 0.5 percent.
The local currency was trading at 1,352.80 won against the US dollar at 9:15 a.m., down 4.3 won from the previous session's close.
South Korean stock, ETF, derivatives and commodity markets will all be closed during the extended Chuseok holiday, which runs from Thursday through Tuesday. (Yonhap)
相关文章
MBK chairman makes donation to promote Korean art at New York's Met
Seoul-based private equity firm MBK Partners Founder and Chairman Michael Byung-ju Kim has offered a2023-11-30Chief justice seat at top court left vacant amid Assembly chaos
South Korea’s Supreme Court faces an unusual vacancy for the first time in 30 years as the National2023-11-30Scholarships to begin in October for Ukrainian students in S. Korea
South Korea's Ministry of Education will offer all Ukrainian college students in South Korea sc2023-11-30“김정은 두만강역 통해 귀국…조로관계 발전 새로운 장”
김정은 국무위원장이 13일 러시아 아무르주에 있는 보스토치니 우주발사장에서 블라디미르 푸틴 러시아 대통령을 만났다고 당 기관지 노동신문이 14일 보도했다. 김 총비서는 푸틴 대통령2023-11-30Reeling from election loss, ruling party picks new leader posts
The ruling People Power Party, confronted with a deepening crisis following a landslide defeat in a2023-11-30Nam June Paik Art Center to be led by new director Park Nam
The Nam June Paik Art Center in Gyeonggi Province -- the only museum in the world dedicated to the v2023-11-30
最新评论