Seoul shares open higher on Wall Street gains
South Korean shares opened higher Friday, tracking overnight gains on Wall Street. The benchmark Korea Composite Stock Price Index added 14.63 points, or 0.55 percent, to 2,698.28 in the first 15 minutes of trading. The Dow Jones Industrial Average closed 0.85 percent higher Thursday, while the Nasdaq rose 1.51 percent on dovish remarks from US Federal Reserve Chair Jerome Powell suggesting there will unlikely be a rate hike in the near future. In Seoul, most large caps were in positive terrain.
May 3, 2024