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KOSPI Opens Higher with Tech, Auto, and Energy Sector Gains

South Korea's benchmark index rises 0.44% to 2,632.90, bolstered by advances in key sectors despite mixed U.S. market cues.

Overview

  • The KOSPI gained 11.54 points, or 0.44%, at the May 16 opening, reaching 2,632.90.
  • Tech stocks showed mixed performance, with SK hynix climbing 2% while Samsung Electronics dipped 0.35%.
  • Automotive shares advanced, led by Hyundai Motor up 0.31% and Kia up 0.77%.
  • Energy sector strength was notable, with Korea Electric Power Corp. rising 1.98% and Korea Gas Corp. adding 0.97%.
  • The Korean won weakened slightly, trading at 1,395.2 per U.S. dollar, down 2.5 won from the prior session.