Home

The Korea Herald

Latest news

Most Popular

  1. 1

    Blinken calls on China to press N. Korea to end its 'dangerous' behavior

    Blinken calls on China to press N. Korea to end its 'dangerous' behavior
  2. 2

    Tensions heighten ahead of first president-opposition chief meeting

    Tensions heighten ahead of first president-opposition chief meeting
  3. 3

    New celebrity-endorsed therapy for face contouring requires only a pair of rubber bands

    New celebrity-endorsed therapy for face contouring requires only a pair of rubber bands
  4. 4

    Seoul to provide housing subsidy to married couples with newborns

    Seoul to provide housing subsidy to married couples with newborns
  5. 5

    Rapper jailed after public street fight with another rapper

    Rapper jailed after public street fight with another rapper
  1. 6

    [KH Explains] No more 'Michael' at Kakao Games

    [KH Explains] No more 'Michael' at Kakao Games
  2. 7

    Nominee for chief of anti-corruption body pledges 'independence, effectiveness'

    Nominee for chief of anti-corruption body pledges 'independence, effectiveness'
  3. 8

    [Weekender] How DDP emerged as an icon of Seoul

    [Weekender] How DDP emerged as an icon of Seoul
  4. 9

    Woman gets suspended term for injuring boyfriend with knife

    Woman gets suspended term for injuring boyfriend with knife
  5. 10

    Med schools expect 1,500+ new admission slots next year

    Med schools expect 1,500+ new admission slots next year
소아쌤

Seoul shares open higher ahead of Fed meeting

By Yonhap

Published : Dec. 11, 2023 - 09:32

    • Link copied

An electronic board showing the Korea Composite Stock Price Index at a dealing room of the Hana Bank headquarters in Seoul on Monday. (Yonhap) An electronic board showing the Korea Composite Stock Price Index at a dealing room of the Hana Bank headquarters in Seoul on Monday. (Yonhap)

South Korean stocks opened higher Monday ahead of the Federal Reserve's rate-setting meeting slated for this week.

The benchmark Korea Composite Stock Price Index added 8.58 points, or 0.34 percent, to 2,526.43 in the first 15 minutes of trading.

Investors are awaiting this week's Federal Open Market Committee meeting, with its key rate anticipated to remain steady between 5.25 and 5.50 percent.

In Seoul, tech shares traded higher, with LG Energy Solution adding 0.23 percent and SK hynix rising 0.94 percent. Samsung Electronics remained unchanged from the previous session.

Leading online portal operator Naver gained 0.46 percent, and its smaller rival Kakao moved up 2.51 percent.

Pharmaceutical firms were also among the gainers, with Celltrion adding 4.35 percent and SK Bioscience increasing 1.29 percent.

The local currency was trading at 1,314.60 won against the US dollar, down 7.8 won from the previous session's close. (Yonhap)

More from Headlines