SEOUL, Jan. 28 (Yonhap) — South Korean stocks opened higher Friday as investors sought to buy oversold stocks after the key stock index’s five-day losing streak.
The benchmark Korea Composite Stock Price Index (KOSPI) advanced 12.58 points, or 0.48 percent, to 2,627.07 points in the first 15 minutes of trading.
Stocks came off to a volatile start after the key stock index closed at a 14-month low due to the U.S. rate hike concerns and LG Energy Solution’s crash upon its market debut.
Market bellwether Samsung Electronics added 0.98 percent, and No. 2 chipmaker SK hynix increased 2.64 percent.
Internet portal operator Naver traded flat, and leading carmaker Hyundai Motor decreased 0.27 percent. LG Energy Solution, the second most valued stock on the KOSPI, slumped 7.43 percent on its second day of trading.
The local currency was trading at 1,204 won against the U.S. dollar, down 1.2 won from the previous session’s close.
jwc@yna.co.kr
(END)
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Buy EURINR; target of : 85.05 : ICICI Direct
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Dollar ends at 1,197.0 won DN from 1,206.4 won
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KOSPI 2,750.26 UP 42.44 points (close)
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KOSDAQ 902.87 UP 11.27 points (close)
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Seoul stocks up late Thurs. morning despite overnight decline on Wall Street
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KOSPI 2,714.83 UP 7.01 points (open)
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Dollar opens at 1,202.0 won DN from 1,206.4 won
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KOSDAQ 888.51 DN 3.09 points (open)
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Seoul stocks open sharply higher despite Wall Street loss
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Buy Tech Mahindra; target of Rs 1942: Prabhudas Lilladher
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Accumulate KEC International; target of Rs 572: Prabhudas Lilladher
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(LEAD) Seoul stocks make strong advance after holiday
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S. Korean Bond Yields on Feb. 3, 2022
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Dollar ends at 1,206.4 won UP from 1,205.5 won
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