SEOUL (ANN/THE KOREA HERALD) – The Korea Composite Stock Price Index (KOSPI) climbed 0.33 per cent to 2,690.66 within the initial 15 minutes of trading, mirroring Wall Street’s robust performance buoyed by megacap tech stocks like Nvidia and Oracle, despite a rise in February consumer prices.
The Dow Jones Industrial Average rose 0.61 per cent, and the S&P 500 gained 1.12 per cent. The Nasdaq Composite added 1.54 per cent.
In Seoul, tech shares got off to a good start, with Samsung Electronics adding 0.55 per cent and No 2 chipmaker SK hynix rising 1.09 per cent.
Financial shares also went up, with KB Financial surging 3.69 per cent and Hana Financial climbing 2.52 per cent.
Battery-related shares, however, lost ground as investors took profit from strong gains in the previous session. LG Energy Solution dropped 0.72 per cent, and Samsung SDI slipped 0.54 per cent.
The local currency was trading at KRW1,311.70 against the US dollar, down KRW0.70 from the previous session’s close.
