Market
Seoul shares open lower after Fed minutes
Jan. 4, 2024
Seoul shares opened lower Thursday, following an overnight slump in US stocks, after the latest Fed minutes indicated interest rates will remain at high levels for some time. The benchmark Korea Composite Stock Price Index fell 10.97 points, or 0.42 percent, to 2,596.34 in the first 15 minutes of trading. Overnight, the Dow Jones Industrial Average fell 0.8 percent to 37,430.19, and the tech-heavy Nasdaq declined 1.2 percent to 14,592.21. Fed minutes from its December meeting indicated rates cou