Seoul stocks open sharply higher on eased inflation woes
10 Articles
10 Articles
Global Market Today: Asian stocks, bonds gain as oil extends decline
MSCI’s regional equities gauge advanced 0.3% with South Korea’s Kospi index leading gains. That came after the S&P 500 Index rose 1.1% on Thursday, its biggest advance since early August. The tech-heavy Nasdaq 100 Index climbed 1.7%, while a key gauge of chipmakers jumped 3.1% as US stocks rebounded from losses triggered by the Federal Reserve’s first rate hike since 2023.
The KOSPI index opened more than 2% higher on the 18th. This is attributed to the positive impact on investor sentiment in the domestic market as the U.S. New York stock market rebounded overnight, despite the fallout from the Federal Reserve's hawkish interest rate hike. The KOSPI index began trading at 6,885.70, up 170.29 points (2.54%) from the previous trading day. It attempted a rebound while maintaining a gain in the 2% range during the ea…
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SEOUL, Sept. 18 (Yonhap) -- Seoul stocks were trading sharply higher late Friday morning as investors snapped up market heavyweights amid eased inflation woes.The benchmark Korea Composite Stock Price Index (KOSPI) was trading up 135.91 points, or 2.
KOSPI Surges Past 6,860 on Foreign, Institutional Buying
On the morning of Sept. 18, the won-dollar exchange rate, KOSPI and KOSDAQ indices are displayed on the electronic board at the dealing room of Hana Bank headquarters in Jung-gu, Seoul. (yonhap) On Sept. 18, the domestic stock market opened with a strong upward trend, supported by the favorable news of stabilizing Treasury yields and falling oil prices in the U.S. New York stock market overnight. With simultaneous buying pressure from foreign an…
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