The Korea Composite Stock Price Index was displayed on an electronic board at Hana Bank headquarters in Seoul, indicating a positive start to the trading day for South Korean shares. The index rose by 0.46 percent in the first 15 minutes of trading, driven by optimism about a potential interest rate cut by the US Federal Reserve. This positive trend follows two consecutive sessions of gains, as more investors anticipate an upcoming rate cut in the United States. Notable movements in the market included Samsung Electronics experiencing a slight decrease, while pharmaceutical company Celltrion and mobile communications provider SK Telecom saw gains. LG Energy Solution and Samsung SDS also showed mixed performance, with the former experiencing a slight decline following a significant spike in the previous session. Additionally, top automakers Hyundai Motor and Kia Motors both saw decreases in their stock prices. The local currency, the won, was trading at 1,338.10 against the US dollar, marking a slight increase from the previous session.
The Korea Composite Stock Price Index was displayed on an electronic board at Hana Bank headquarters in Seoul, indicating a positive start to the trading day for South Korean shares. The index rose by 0.46 percent in the first 15 minutes of trading, driven by optimism about a potential interest rate cut by the US Federal Reserve. This positive trend follows two consecutive sessions of gains, as more investors anticipate an upcoming rate cut in the United States. Notable movements in the market included Samsung Electronics experiencing a slight decrease, while pharmaceutical company Celltrion and mobile communications provider SK Telecom saw gains. LG Energy Solution and Samsung SDS also showed mixed performance, with the former experiencing a slight decline following a significant spike in the previous session. Additionally, top automakers Hyundai Motor and Kia Motors both saw decreases in their stock prices. The local currency, the won, was trading at 1,338.10 against the US dollar, marking a slight increase from the previous session.