Kospi opens higher on tech gains

Stocks opened 3.57 percent higher Friday as Samsung Electronics and SK hynix gained after overnight strength in U.S. tech shares.

Published
Kospi and dollar-won currency figures are shown on a digital board inside Hana Bank's main branch in Jung District, central Seoul, on July 19.

Stocks opened sharply higher Friday, led by gains in major technology heavyweights, following overnight advances on Wall Street.

The benchmark Kospi rose 260.58 points, or 3.57 percent, to 7,552.49 at the opening bell.

Overnight, U.S. stocks closed higher, buoyed by a strong rebound in semiconductor shares and easing oil prices.

Related Article

The Dow Jones Industrial Average gained 0.27 percent, while the S&P 500 rose 0.81 percent. The tech-heavy Nasdaq Composite climbed 1.3 percent.

Market bellwether Samsung Electronics advanced 3.6 percent, while its chipmaking rival SK hynix surged 4.02 percent.


Yonhap

stock market money kospi korea exchange business samsung electronics

Read more

See more articles