{"id":64518,"date":"2024-04-26T05:00:00","date_gmt":"2024-04-26T00:00:00","guid":{"rendered":"http:\/\/myanmarnewsgazette.com\/?guid=32be9e4e1a5c6de8fa380ebe1e151641"},"modified":"2024-04-26T05:00:00","modified_gmt":"2024-04-26T00:00:00","slug":"seoul-shares-up-1-2-pct-late-fri-morning-on-tech-financial-gains","status":"publish","type":"post","link":"https:\/\/myanmarnewsgazette.com\/seoul-shares-up-1-2-pct-late-fri-morning-on-tech-financial-gains\/","title":{"rendered":"Seoul shares up 1.2 pct late Fri. morning on tech, financial gains"},"content":{"rendered":"
\n South Korean stocks climbed more than 1.2 percent late Friday morning as investors purchased techs and financial despite overnight losses on Wall Street.<\/p>\n
The benchmark Korea Composite Stock Price Index rose 32.14 points, or 1.22 percent, to 2,660.76 as of 11:20 a.m.<\/p>\n
Overnight, Wall Street lost ground as Meta and other big tech companies retreated as the U.S. economy expanded at a sharply slower-than-expected pace in the first quarter. The S andP 500 dropped 0.5 percent and the tech-heavy Nasdaq shed 0.6 percent, while the Dow Jones Industrial Average fell 1 percent.<\/p>\n
In Seoul, tech shares led the overall gains, with market heavyweight Samsung Electronics rising 1.31 percent and chip rival SK hynix soaring 4.22 percent.<\/p>\n
Finance stocks also advanced, with KB Financial surging 7.79 percent and Shinhan Financial jumping 5.52 percent.<\/p>\n
In contrast, auto and energy shares traded lower. Top automaker Hyundai Motor fell 1 percent and leading refiner SK Innovation shed 0.56 percent.<\/p>\n
The local currency was trading
\nat 1,374.80 won against the greenback, up 0.2 won from the previous session’s close.<\/p>\n
Source: Yonhap News Agency<\/p>\n","protected":false},"excerpt":{"rendered":"
South Korean stocks climbed more than 1.2 percent late Friday morning as investors purchased techs and financial despite overnight losses on Wall Street.<\/p>\n
The benchmark Korea Composite Stock Price Index rose 32.14 points, or 1.22 percent, to 2,660.76…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"yoast_head":"\n