Seoul Stocks Open Lower Despite Wall Street Rally
South Korean equities declined at the start of trading on Friday, diverging from positive momentum on U.S. markets following a recent tech sector rally. Investors remained cautious amid broader economic uncertainties despite the overseas gains.
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Seoul stocks open lower despite US rally
Seoul stocks opened lower Friday, bucking overnight gains on Wall Street, while investors sat on the sidelines ahead of the Jackson Hall meeting set to provide clues on the Federal Reserve's rate policy. The benchmark Korea Composite Stock Price Index opened down 65.83 points, or 0.95 percent, to 6,846.54 as of 9:15 a.m. Overnight, major stock indexes on Wall Street closed higher, with the S&P 500 adding 0.72 percent and the tech-heavy Nasdaq jumping 1.57 percent. The US market was mainly led by
By The Korea Herald
Read full article →Seoul stocks down late Fri. morning despite tech rally on Wall Street
SEOUL, Aug. 28 (Yonhap) -- Seoul stocks were trading lower late Friday morning, ...
By Kang Jae-eun
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