Seoul shares open lower on Fed, growth woes
South Korean stocks opened lower Wednesday, tracking an overnight drop on Wall Street, on lingering concerns about further interest rate hikes by the Federal Reserve and the US economic outlook.
The benchmark Korea Composite Stock Price Index shed 3.01 points, or 0.12 percent, to 2,459.96 in the first 15 minutes of trading.
Overnight, US shares ended markedly lower as data pointed to weaker-than-expected consumer confidence, stoking fears over a slowdown in the world's largest economy.
Investors remained worried about the Fed's continued push for aggressive monetary tightening, as more data showed record high home prices for July.
The Dow Jones Industrial Average sank 1.14 percent, and the tech-heavy Nasdaq Composite tumbled 1.57 percent.
On the Seoul bourse, top-cap shares traded mixed.
Market bellwether Samsung Electronics rose 0.73 percent on bargain hunting, while leading battery maker LG Energy Solution fell 0.63 percent.
Chip giant SK hynix retreated 1.13 percent, and Samsung SDI sank 1.72 percent. LG Chem dropped 2.08 percent.
Carmakers opened mixed, with top automaker Hyundai Motor remaining unchanged and Kia going down 0.25 percent.
Major biotech firm Samsung Biologics inched up 0.15 percent, but platform giant Naver shed 0.5 percent.
The local currency was trading at 1,352.80 won against the US dollar at 9:15 a.m., down 4.3 won from the previous session's close.
South Korean stock, ETF, derivatives and commodity markets will all be closed during the extended Chuseok holiday, which runs from Thursday through Tuesday. (Yonhap)
(责任编辑:재무)
- S. Korea determined to become tourism powerhouse
- LG Electronics ups Q3 earnings guidance on upbeat demand
- [Herald Interview] Singer
- Jungkook of BTS to hold fan showcase on Nov. 20
- BTS’ V to star IU’s new music video next year
- [Today’s K
- Taemin of SHINee to drop new EP 'Guilty' on Oct. 30
- Jungkook becomes first Korean soloist to log 2 songs in Top 5 of Billboard's Hot 100
- Korea’s go
- 낙후된 골목시장 누비며 “화곡을 마곡으로 만들 것”
- N.SSign to resume album promotion without Doha
- [Test Drive] BMW 5 Series makes more powerful, elegant comeback
- [Weekender] [K
- Half of Loona restarts as quintet Loossemble
- BTS’ V to star IU’s new music video next year
- Shinhan to bet big on insurance tech startup
- Posco Holdings recoups investment in Roy Hill after 13 years
- Art Token launches Hangeul
- [Today’s K
- LG Electronics ups Q3 earnings guidance on upbeat demand
- Israleli strikes flatten entire neighborhoods as Gaza faces imminent blackout views+
- 강서구청장 12시 투표율 11.4%…직전 지선보다 2.9%p 낮아 views+
- Samsung Electronics forecasts Q3 rebound views+
- [HIT Forum] Korea's only astronaut highlights humanity's connection with universe views+
- Seoul shares open higher on US gains after Fed comments views+
- [HIT Forum] High schooler shares his space dream views+
- [Busan Is Ready] Busan Expo strives to present climate change solutions views+
- LG CNS launches new AI platform for corporate clients views+
- S. Korea keeping close tabs on reported repatriation of N.K. defectors from China: minister views+
- Samsung Electronics tips Q3 operating profit to plunge 78% on semiconductor losses views+