Seoul shares open higher on Wall Street gains


On Thursday, Seoul's stock market opened on a positive note, buoyed by gains in US stocks from the previous day, which were driven by falling international oil prices and a rise in local technology shares. The Korea Composite Stock Price Index increased by 0.46 percent, or 11.90 points, reaching 2,606.26 within the first 15 minutes of trading. The overnight performance of US stocks saw the Dow Jones Industrial Average rise by 1.03 percent, the S&P 500 by 0.71 percent, and the Nasdaq composite by 0.6 percent, largely due to the decline in global oil prices and tech stock gains. In Seoul, automotive and biotechnology sectors led the way, with Hyundai Motor up 2.64 percent and Samsung Biologics rising 1.99 percent. Other notable advancements included Naver, which jumped 2.59 percent, while SK Hynix, the second-largest chipmaker, saw a significant increase of 3.82 percent. Conversely, Samsung Electronics fell by 1.33 percent, and LG Energy Solution dropped by 2.98 percent. The local currency was trading at 1,348.85 won against the US dollar, reflecting a slight increase from the previous session.


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