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Seoul shares open higher on Wall Street gains

Feb. 7, 2024 - 09:45 By Yonhap
An electronic board showing the Korea Composite Stock Price Index at a dealing room of the Hana Bank headquarters in Seoul on Wednesday. (Yonhap)

South Korean shares opened higher Wednesday tracking overnight gains on Wall Street.

The benchmark Korea Composite Stock Price Index added 17.75 points, or 0.69 percent, to 2,593.95 in the first 15 minutes of trading.

On Wall Street, the Dow Jones Industrial Average closed up 0.37 percent overnight.

In Seoul, most large caps were in positive terrain.

Market bellwether Samsung Electronics gained 0.54 percent, with top pharmaceutical firm Celltrion advancing 0.66 percent.

Top battery maker LG Energy Solution surged 2.39 percent, while its local rival Samsung SDI spiked 2.94 percent.

Leading automaker Hyundai Motor added 1.91 percent, with its smaller affiliate Kia Motors slipping 0.45 percent.

The local currency was trading at 1,324.70 won against the US dollar, up 2.90 won from the previous session's close. (Yonhap)