South Korean stocks started the week on a positive note, with the Korea Composite Stock Price Index rising by 1.04 percent in the first 15 minutes of trading. This increase was attributed to reduced concerns about a US recession following a previous week's market downturn. The improved sentiment was also reflected in the performance of major US indexes, which rebounded on Friday due to better-than-expected unemployment data. Investors are now closely monitoring upcoming US economic indicators, including consumer price, producer price, and retail sales data. In Seoul, most large-cap shares opened higher, signaling a recovery from the previous week's decline. Notable gains were seen in companies such as Samsung Electronics, SK hynix, LG Energy Solution, and Hyundai Motor, while Naver and Hyundai Heavy experienced declines. The local currency also saw a slight increase in value against the US dollar, trading at 1,364.20 won.
South Korean stocks started the week on a positive note, with the Korea Composite Stock Price Index rising by 1.04 percent in the first 15 minutes of trading. This increase was attributed to reduced concerns about a US recession following a previous week's market downturn. The improved sentiment was also reflected in the performance of major US indexes, which rebounded on Friday due to better-than-expected unemployment data. Investors are now closely monitoring upcoming US economic indicators, including consumer price, producer price, and retail sales data. In Seoul, most large-cap shares opened higher, signaling a recovery from the previous week's decline. Notable gains were seen in companies such as Samsung Electronics, SK hynix, LG Energy Solution, and Hyundai Motor, while Naver and Hyundai Heavy experienced declines. The local currency also saw a slight increase in value against the US dollar, trading at 1,364.20 won.