Seoul shares end almost flat ahead of key US inflation data koreaherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreaherald.com Daily Mail and Mail on Sunday newspapers.
Seoul shares opened lower Wednesday following hotter-than-estimated US inflation data. The benchmark Korea Composite Stock Price Index fell 39.58 points, or 1.49 percent, to 2,610.06 in the first 15 minutes of trading. Overnight, the Dow Jones Industrial Average fell 1.4 percent to 38,272.75, and the tech-heavy Nasdaq declined 1.8 percent to 15,655.60. Investors have been expecting the US Federal Reserve to start cut.
Seoul shares opened lower Thursday, tracking an overnight fall on Wall Street. The benchmark Korea Composite Stock Price Index fell 0.58 percent, or 14.42 points, to 2,455.27 in the first 15 minutes of trading. Overnight, the Dow Jones Industrial Average fell 0.3 percent to 37,806.39, while the tech-heavy Nasdaq rose 0.4 percent to 15,481.92. Tesla reported weaker-than-expected earnings for the fourth quarter, which .
Seoul shares ended slightly higher on Thursday, helped by gains in auto stocks as their 2023 earnings fared well on the back of robust demand. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index rose 0.03 percent, or 0.65 points, to 2,470.34. Trading volume was moderate at 337.26 million shares worth 7.5 trillion won ($5.6 billion), with losers outpacing gainers 443 to 424. Inst.
Seoul shares opened lower Wednesday after a mixed close on Wall Street as investors await the release of the Federal Reserve's minutes for clues on the US central bank's future rate plans. The benchmark Korea Composite Stock Price Index fell 31.05 points, or 1.2 percent, to 2,638.76 in the first 15 minutes of trading. Overnight, the Dow Jones Industrial Average inched up 0.07 percent to 37,715.04, but the t.