Seoul shares open lower on Fed's higher
South Korean stocks opened lower Monday on concerns about the Federal Reserve's aggressive monetary tightening for a longer-than-expected period.
The benchmark Korea Composite Stock Price Index shed 9.31 points, or 0.37 percent, to 2,498.82 in the first 15 minutes of trading.
The US central bank last week signaled it could hike interest rates again this year while keeping the rates unchanged.
On Friday, the Dow Jones Industrial Average fell 0.31 percent, and the tech-heavy Nasdaq Composite inched down 0.09 percent.
In Seoul, most top-cap shares opened lower.
Market bellwether Samsung Electronics lost 0.15 percent, and chip giant SK hynix retreated 1.02 percent,
Leading battery maker LG Energy Solution lost 0.92 percent, and Posco Holdings sank 2.46 percent. LG Chem decreased 0.39 percent.
Carmakers also opened lower. Top automaker Hyundai Motor went down 0.78 percent, and Kia shed 0.12 percent.
The local currency was trading at 1,334.60 won against the dollar at 9:15 a.m., up 2.2 won from the previous session's close. (Yonhap)
(责任编辑:음악)
- ·Political strife may delay Korea’s launch of new space agency
- ·Seoul shares open lower on Fed's higher
- ·[Herald Interview] Love is what defines artist Dawn
- ·Breadwinners in their 60s or above double in 9 years
- ·[Herald Interview] Kim Jee
- ·[Korea Beyond Korea] ‘Korea should support Korean history studies, research abroad’
- ·Seoul shares open lower on Fed's higher
- ·Govt. to survey spending on private education of preschoolers, Suneung retakers
- ·Uzbekistan, Korea boost customs cooperation
- ·러 무기 만져보고 타보고...김정은 '북·러 합작' 도발 메뉴 내놓나
- ·'코로나 봉쇄' 북한, 국경 열었다…3년8개월 만에 외국인 입국
- ·Over half of Koreans want continuous strengthening of alliance with US: poll
- ·[Herald Interview] Mimiirose hopes to make a name for itself
- ·[Herald Interview] Love is what defines artist Dawn
- ·Hana Financial signs MOU with Saudi Arabia's EXIM bank to expand cooperation
- ·Over half of Koreans want continuous strengthening of alliance with US: poll
- ·Jakarta lights up in pink with SMTown Live 2023
- ·Govt. to survey spending on private education of preschoolers, Suneung retakers
- ·[Herald Interview] Mimiirose hopes to make a name for itself
- ·LG chief convenes CEO meeting to review growth strategy