KOSPI falls to 6,961.18 points in Seoul despite US market gains — Korea Herald

In South Korea, the stock market in Seoul opened lower: the benchmark Korea Composite Stock Price Index (KOSPI) had lost 10.17 points, or 0.15%, by 9:15 a.m. on Friday, falling to 6,961.18 points. At the start of the session, the index was down 0.47%, Korea Herald reports.

US market performance

US stock indexes ended the previous session with moderate gains. The Dow Jones Industrial Average rose 0.04%, the S&P 500 gained 0.19%, and the technology-focused Nasdaq Composite added 0.04%.

US stocks were supported by declining yields on benchmark US Treasury bonds after they reached multi-year highs. At the same time, rising oil prices limited market gains.

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Company shares in Seoul

Declines in share prices prevailed among major companies on the Seoul market. Samsung Electronics shares lost 0.22%, while shares of chipmaker SK hynix rose 0.22%.

Shares of SK Square, the parent company of SK hynix, fell 0.61%. Shares of electronic components maker Samsung Electro-Mechanics declined 0.7%.

The South Korean won traded at 1,362.6 won per US dollar, 4.2 won lower than the closing level of the previous trading session.