Seoul shares open steeply lower amid woes over Fed's rate hikes
South Korean stocks opened sharply lower Monday, as investors remained wary of a possible sharp rate hike by the US Federal Reserve in next week's policy meeting.
The Korea Composite Stock Price Index (Kospi) fell 1.05 percent, or 28.51 points, to trade at 2,676.20 in the first 15 minutes of trading.
Investors remain cautious as the Fed has signaled a more aggressive rate raise than previously estimated to tame the worst inflation in decades, with its next policy meeting set to take place May 3-4.
Major South Korean companies are also set to announce their quarterly earnings results this week, including Hyundai Motors Co., Samsung Electronics Co., SK hynix Inc. and LG Energy Solutions Ltd.
Most large caps started off lower, with top-cap Samsung Electronics losing 0.75 percent and LG Energy Solution skidding 0.69 percent.
Steel giant Posco Holdings also dipped nearly 1.9 percent.
Some financial stocks traded higher, led by Shinhan Financial, which was up 0.71 percent.
The local currency was trading at 1,244.60 won against the US dollar as of 9:15 a.m., down 5.5 won from the previous session's close. (Yonhap)
(责任编辑:新闻中心)
- Norris stuns Verstappen at Dutch GP
- First officially approved Gen IV nuclear reactor in the US breaks ground
- Republicans on abortion
- NASA rover snaps photo of its most daunting challenge yet
- Top 10 Tech Pranks
- 味道真系正!怀集食材邂逅顺德厨艺
- The OLED Burn
- Number Representations in Computer Hardware
- Foreign, multicultural students rise amid declining school population
- Yes, big spiders are spreading in the U.S. No, they're not flying.
- Apple Watch 10 rumors: Everything we know so far
- How to unblock Xnxx for free
- Top 10 Tech Pranks
-
iPhone 16 Pro new color will reportedly be Desert Titanium
Apple's upcoming iPhone 16 Pro will come in a new color, a new report claims, and it will be sort-of ...[详细] -
Transitioning to 100% renewable energy globally would be cheaper and simpler using firebricks, a for ...[详细]
-
Swifties for Kamala raises over $100,000 in donations for Harris campaign
An estimated 27,000 Swifties gathered last night, not for the Eras Tour, but to rally for the electi ...[详细] -
Upgrade Your Monitor, Not Your GPU
Stop! If you're thinking of upgrading your gaming PC setup, don't buy that overpriced graphics card ...[详细] -
The first mass-market model train sets were produced in 1891 by German manufacturer Märklin (a compa ...[详细]
-
Who is the Dark Wizard in 'The Lord of the Rings: The Rings of Power' Season 2?
Just when The Lord of the Rings: The Rings of Powerreveals the identity of one mysterious wizard, it ...[详细] -
I went to an offline dating event for singles. Here's how it went.
It's a Wednesday night in south-east London and dozens of intrepid young single people are sitting c ...[详细] -
10 Places to Get to Know Paul Bunyan
Paul Bunyan, a larger-than-life lumberjack with super-human strength, was a character created by Can ...[详细] -
We've been using the MSI MPG 321URX QD-OLED exclusively as a productivity monitor for the last six m ...[详细]
-
Elon Musk's AI facility is reportedly operating gas turbines without a permit
Elon Musk's AI company has caught the attention of environmentalists in Memphis, Tennessee for repor ...[详细]