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)
(责任编辑:스포츠)
- South Korea warns tit
- Seoul shares open higher ahead of Nvidia results
- Alternative nicotine products lead to reduction in smoking rates: report
- 추미애 "尹대통령 지지율 30%대 받쳐주는 철벽통들이 있다"
- Criminal procedures for foreigners in Korea
- Fire breaks out at SK On's plant during pilot run in China
- Enigmatic artist David Rappeneau's first Asia show taking place at Gladstone Gallery
- 민주당 이상민 의원, 내주 與 혁신위와 대담…거취 정할지 주목
- New NZ minister takes oath in English and Korean
- Gov't administrative network down for 2nd day; recovery efforts under way
- [Herald Interview] Latvia hopes to boost economic, cultural ties with Korea
- Will Suneung without ‘killer questions’ reduce reliance on private education?
- 정부, GP 복원 계획…김태효 "北 무장에 가만히 있으면 안된다"
- IMF raises South Korea's inflation forecast to 3.6% for 2023
- HiteJinro soju seeks bigger footing in UK
- Enigmatic artist David Rappeneau's first Asia show taking place at Gladstone Gallery
- Seoul Philharmonic's new music director van Zweden to focus on Mahler, collaborations
- OpenAI CEO's ouster was over "breakdown of communications," not "malfeasance"
- S. Korea's heavyweights like ex
- IMF raises South Korea's inflation forecast to 3.6% for 2023
- Surveillance cameras to be a must in hospital operating rooms views+
- Xi says he will consider S. Korea visit views+
- [Test Drive] Toyota’s minivan Alphard boasts sedanlike drive views+
- BTS' Jungkook to drop new single '3D' views+
- Shimcheong views+
- S. Korea, US conduct underwater search operation for downed jet, Korean War remains views+
- Mirae Asset continues to lead domestic equity ETF market views+
- Gangwon Forestry Exhibition 2023 kicks off in Korea's 'forest capital' views+
- Sabre fencer, swimming relay team eye historic medals views+
- 2m Koreans opt out of life views+