Seoul shares open higher on hope for exports recovery
South Korean stocks opened higher Monday as the country reported continued improvement in exports, led by the semiconductor industry.
The benchmark Korea Composite Stock Price Index added 8.59 points, or 0.36 percent, to 2,418.25 in the first 15 minutes of trading.
The customs office said the country's exports increased 3.2 percent on-year to $18.2 billion in the first 10 days of the month, with outbound shipments of semiconductors gaining 1.3 percent, marking the first increase since August 2022.
But investors remained cautious after Moody's cut its rating outlook for the United States to "negative" from "stable," citing a political deadlock in Congress over spending as a potential risk to the nation's fiscal health.
In Seoul, market bellwether Samsung Electronics advanced 0.43 percent, with No. 2 chipmaker SK hynix surging 1.76 percent.
Top automaker Hyundai Motor lost 0.12 percent, while its smaller affiliate Kia rose 0.39 percent.
The local currency was trading at 1,319.10 won against the dollar at 9:15 a.m., down 2.3 won from the previous session's close. (Yonhap)
(责任编辑:음악)
- [KH explains] Hyundai to sell vehicles on Amazon in US sales push
- N.Korea blasts Yoon for denouncing military ties with Russia at UN
- Over half of Koreans want continuous strengthening of alliance with US: poll
- Breadwinners in their 60s or above double in 9 years
- Yoon replaces spy agency leadership
- Jakarta lights up in pink with SMTown Live 2023
- [Herald Interview] Kim Jee
- Major Korean firms fare worse than US counterparts in H1
- Hyundai Motor chief named automotive industry leader of 2023
- 카메라 찍힌 김여정 960만원 '디올 백'…그 자체가 北인권 참상
- SKC to build bioplastics plant in Vietnam
- Unification minister to visit Britain, Germany
- Hyundai Motor to halt Asan factory in Korea for EV factory construction
- 러 무기 만져보고 타보고...김정은 '북·러 합작' 도발 메뉴 내놓나
- Speculation grows over Yoon's looming Cabinet shakeup
- Political strife may delay Korea’s launch of new space agency
- 카메라 찍힌 김여정 960만원 '디올 백'…그 자체가 北인권 참상
- [Hello Hangeul] The making of Korean language textbooks featuring BTS
- Samsung sets up control tower for new growth drivers
- LG chief convenes CEO meeting to review growth strategy
- Artifacts with inaccurate information removed from Korean exhibition in Germany views+
- Japan returns favor, flies Koreans out of Israel views+
- EcoPro seeks big leap as global battery materials maker views+
- Celltrion merger plan approved by shareholders views+
- [Hello Hangeul] Love for Hangeul grows in corner of Sweden views+
- Samsung unveils next views+
- Seoul shares open almost flat amid geopolitical tensions, rate woes views+
- PPP appoints naturalized Korean doctor Yohan Ihn as party innovation committee chief views+
- [Herald Review] Stray Kids perform new standard of '5 views+
- Exports up 4.6% during first 20 days of October views+