An digital board displaying the Korea Composite Inventory Value Index at a dealing room of the Hana Financial institution headquarters in Seoul on Monday. (Yonhap)
Seoul shares opened nearly flat Monday as traders have been being attentive to remarks by the US Federal Reserve officers following a giant minimize final week.
The benchmark Korea Composite Inventory Value Index rose 0.03 p.c, or 0.9 factors, to 2,594.27 within the first quarter-hour of buying and selling.
Buyers’ eyes at the moment are on Fed officers’ feedback to be made all through this week to evaluate the aftermath of the Fed’s charge minimize Wednesday .
The Fed kicked off its monetary-easing cycle by slicing its in a single day lending charge by half a proportion level to a spread of 4.75 p.c to five p.c and in addition pledged additional charge cuts.
In Seoul, big-cap shares have been combined.
Market bellwether Samsung Electronics misplaced 0.79 p.c, whereas its chipmaking rival SK hynix edged up 0.13 p.c.
High carmaker Hyundai Motor decreased 0.6 p.c, whereas its smaller affiliate Kia gained 0.19 p.c.
Battery and bio shares have been sturdy.
Main battery maker LG Power Resolution rose 1.14 p.c, and its smaller rival Samsung SDI climbed 0.53 p.c.
Bio large Samsung Biologics jumped 1.79 p.c, and Celltrion soared 2.23 p.c.
The native foreign money was buying and selling at 1,333.60 received towards the US greenback, down 4.5 received from the earlier session. (Yonhap)
