Home

The Korea Herald

Latest news

Most Popular

  1. 1

    Suneung for all: Opportunity, redemption and the right to dream

    Suneung for all: Opportunity, redemption and the right to dream
  2. 2

    [Herald Interview] 'Korea, don't repeat Hong Kong's mistakes on foreign caregivers'

    [Herald Interview] 'Korea, don't repeat Hong Kong's mistakes on foreign caregivers'
  3. 3

    [KH Explains] Why Yoon golfing is so controversial

    [KH Explains] Why Yoon golfing is so controversial
  4. 4

    Samsung stocks fall to 4-year low

    Samsung stocks fall to 4-year low
  5. 5

    Govt. cracks down on wedding industry

    Govt. cracks down on wedding industry
  1. 6

    Korean model admits drug use, seeks help from embassy in Manila: report

    Korean model admits drug use, seeks help from embassy in Manila: report
  2. 7

    NewJeans sets 14-day deadline for Ador to meet demands, including return of Min Hee-jin

    NewJeans sets 14-day deadline for Ador to meet demands, including return of Min Hee-jin
  3. 8

    Will Samsung team up with foundry rival TSMC?

    Will Samsung team up with foundry rival TSMC?
  4. 9

    Korea to take action if currency falls more

    Korea to take action if currency falls more
  5. 10

    Suneung retakes hit record amid med school expansion

    Suneung retakes hit record amid med school expansion
지나쌤

Seoul stocks open higher despite US losses

By Paige Shin

Published : July 19, 2017 - 12:12

    • Link copied

South Korean stocks opened higher Wednesday despite losses on Wall Street, with institutions buying stocks on bargain hunting. 

The benchmark Korea Composite Stock Price Index rose 1.26 points, or 0.05 percent, to 2,427.30 in the first 15 minutes of trading. The main index hit a record high of 2,425.10 in the previous session.

Institutional investors bought a net 29 billion won ($26 million) worth of stocks. Foreigners and individuals offloaded a combined 27 billion won in shares. 

(Yonhap) (Yonhap)

On Tuesday (US time), the Dow Jones industrial average ended down 0.25 percent at 21,574.73.

Automobile stocks fueled gains, with top carmaker Hyundai Motor Co. rising 0.34 percent and Kia Motors Corp. climbing 0.41 percent. Hyundai Mobis Co., a leading car parts manufacturer, was up 0.80 percent.

Among decliners, market bellwether Samsung Electronics Co. fell 0.94 percent, and No. 1 refiner SK Innovation Co. was down 0.59 percent.

The local currency was trading at 1,123.80 won against the US dollar, down 0.70 won from the previous session's close. (Yonhap)

More from Headlines