Seoul shares open higher after extended market rout

Seoul shares open higher after extended market rout

Seoul shares opened higher Friday after the market plunged to a 19-month low the previous session amid growing concerns about a recession. The Korea Composite Stock Price Index (KOSPI) rose 11.80 points, or 0.51 percent, to 2,326.12 in the first 15 minutes of trading. Overnight, the US stock market inched up on the second day of Federal Reserve Chair Jerome Powell's testimony before Congress, during which he rea...