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KOSPI Opens Higher After U.S. House Vote to End Record Shutdown

A one-hour delay for the college exam set a cautious tone following mixed U.S. markets.

Overview

  • The benchmark rose 0.15% to 4,156.60 in early Thursday trade in Seoul after the House move, following a 1.07% gain to 4,150.39 on Wednesday.
  • Gains narrowed to up 0.08% at 4,153.82 late morning as tech shares wavered following SoftBank’s sale of its Nvidia stake and a weaker Nasdaq.
  • The House vote followed Senate passage of a short-term funding bill to end the 43-day shutdown, and President Donald Trump has voiced support for the measure.
  • On Wednesday, institutions bought a net 912.67 billion won, offsetting foreign and retail selling, with autos and energy leading advances.
  • Trading began at 10 a.m. due to the nationwide college entrance exam, and the won traded softer near 1,473 per dollar in early dealings.