Seoul shares open higher on battery, auto gains


Stocks in Seoul opened higher on Monday, driven by increases in battery and automotive company shares. The Korea Composite Stock Price Index (KOSPI) saw a 0.21 percent rise, gaining 5.33 points to reach 2,575.04 within the first 15 minutes of trading. Notably, LG Energy Solution and Hyundai Motor were among the top performers, with LG Energy Solution surging by 2.85 percent and Hyundai Motor adding 1.46 percent. Additionally, financial institutions such as KB Financial and Shinhan Financial also experienced gains, with increases of 1.57 percent and 0.55 percent, respectively. On the other hand, Samsung Electronics, a major player in the market, witnessed a decline of 0.83 percent, while its chip rival SK hynix saw a notable increase of 2.47 percent. The local currency, the won, was trading at 1,343.9 against the US dollar, marking a decrease of 10.2 won compared to the previous session.


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