Seoul shares open higher, tracking Wall Street gains amid Middle East tensions
Among decliners, instant noodle maker Samyang Foods fell 1.4 percent and leading beverage firm Hitejinro backtracked 0.14 percent
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Summary
Among decliners, instant noodle maker Samyang Foods fell 1.4 percent and leading beverage firm Hitejinro backtracked 0.14 percent. Market bellwether Samsung Electronics jumped 6.84 percent, and its chipmaking rival SK hynix surged 11.76 percent. An electronic board showing the Korea Composite Stock Price Index at a dealing room of the Hana Bank headquarters in Seoul on Wednesday. (Yonhap) Seoul shares opened higher Wednesday, tracking overnight gains on Wall Street, though continued uncertainty in the Middle East remains a concern for investors.
Furthermore, Top carmaker Hyundai Motor rose 2.71 percent, defense firm Hanwha Aerospace climbed 5.5 percent, and steelmaker POSCO Holdings gained 3.95 percent. US President Donald Trump on Tuesday dropped his proposal to impose a 20 percent "reimbursement" fee on cargo shipped through the crucial Strait of Hormuz, saying that he will replace it with trade and investment deals with Middle Eastern countries. Just a day earlier, he said the US will serve as the "guardian" of the strait and be reimbursed at a 20 percent rate on all cargo shipped through the waterway.
In addition, Renewed tensions between the United States and Iran in the Middle East are expected to continue to weigh on investor sentiment.
Cross-referenced from 2 sources.
Factual coreconfirmed by several independent voices
Among decliners, instant noodle maker Samyang Foods fell 1.4 percent and leading beverage firm Hitejinro backtracked 0.14 percent.
reliability low1/2 sourcesMarket bellwether Samsung Electronics jumped 6.84 percent, and its chipmaking rival SK hynix surged 11.76 percent.
reliability low1/2 sourcesAn electronic board showing the Korea Composite Stock Price Index at a dealing room of the Hana Bank headquarters in Seoul on Wednesday. (Yonhap) Seoul shares opened higher Wednesday, tracking overnight gains on Wall Street, though continued uncertainty in the Middle East remains a concern for investors.
reliability low1/2 sourcesTop carmaker Hyundai Motor rose 2.71 percent, defense firm Hanwha Aerospace climbed 5.5 percent, and steelmaker POSCO Holdings gained 3.95 percent.
reliability low1/2 sourcesUS President Donald Trump on Tuesday dropped his proposal to impose a 20 percent "reimbursement" fee on cargo shipped through the crucial Strait of Hormuz, saying that he will replace it with trade and investment deals with Middle Eastern countries.
reliability low1/2 sourcesJust a day earlier, he said the US will serve as the "guardian" of the strait and be reimbursed at a 20 percent rate on all cargo shipped through the waterway.
reliability low1/2 sourcesRenewed tensions between the United States and Iran in the Middle East are expected to continue to weigh on investor sentiment.
reliability low1/2 sources
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