Seoul shares open higher on U.S. gains
Thursday, July 04, 2024       07:36 WIB

SEOUL, July 4 (Yonhap) -- South Korean stocks got off to a strong start Thursday, tracking overnight gains on Wall Street led by hopes for a possible rate hike.
The benchmark Korea Composite Stock Price Index gained 23.37 points, or 0.84 percent, to 2,817.38 in the first 15 minutes of trading.
In the United States, the S&P 500 index and tech-heavy Nasdaq composite rose to hit record highs backed by Tesla and Nvidia amid softening labor data raising hopes for a rate cut by the Federal Reserve.
In Seoul, market bellwether Samsung Electronics jumped 3.55 percent, and top automaker Hyundai Motor rose 0.91 percent.
Leading banking group KB Financial Group advanced 1.07 percent, and defense company Hanwha Aerospace added 1.72 percent.
The local currency was trading at 1,384.35 won against the U.S. dollar, up 6.25 won from the previous session's close.

Sumber : yna.co.kr