Seoul stocks open higher after Fed decision
Feb 2, 2023
Seoul shares opened higher Thursday, tracking overnight gains on Wall Street, after the Federal Reserve delivered a small rate hike while acknowledging progress in its fight against inflation. The benchmark Korea Composite Stock Price Index rose 23.98 points, or 0.98 percent, to 2,473.78 in the first 15 minutes of trading. Overnight, the Dow Jones Industrial Average closed 0.02 percent higher at 34,092.96 points, and the tech-heavy Nasdaq Composite advanced 2 percent to 11,816.32. The Fed raised