Seoul shares open tad higher on tech, auto gains


At the Hana Bank headquarters in Seoul, an electronic board displayed the Korea Composite Stock Price Index, which opened slightly higher on Wednesday. The initial 15 minutes of trading saw the benchmark index rise by 1.38 points, or 0.05 percent, reaching 2,686.27. This increase was driven by gains in major sectors such as technology, automotive, and blue-chip companies. Tech giants Samsung Electronics and SK hynix saw gains of 0.26 percent and 0.23 percent, respectively, while leading automaker Hyundai Motor and its affiliate Kia also experienced positive movement, rising by 1.21 percent and 1.18 percent, respectively. However, the battery industry showed mixed results, with LG Energy Solution declining by 0.8 percent and Samsung SDI increasing by 0.15 percent. Furthermore, the local currency traded at 1,329.95 won against the US dollar, marking a 1.05 won increase from the previous session. The South Korean stock market, as represented by the Korea Composite Stock Price Index, saw a slight uptick in the early trading session, largely driven by gains in key sectors including technology, automotive, and blue-chip companies. Notable companies such as Samsung Electronics, SK hynix, Hyundai Motor, and Kia contributed to the positive movement in the market. However, the battery industry exhibited mixed performance, with LG Energy Solution declining and Samsung SDI gaining. Additionally, the local currency showed strength against the US dollar, trading at 1,329.95 won, reflecting a 1.05 won increase compared to the previous session.


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