Lead

Seoul shares opened higher on Tuesday, tracking overnight gains on Wall Street as investors weighed a rebound in U.S. markets amid lingering uncertainty over the Middle East and the artificial intelligence (AI)-backed rally, Yonhap News reported.

The benchmark Korea Composite Stock Price Index (KOSPI) opened 93.93 points, or 1.5 percent, higher at 6,351.38, according to the news agency. The index had plunged by more than 5 percent on Monday after a record 18-percent surge on Friday.

Coverage Comparison

Yonhap News provided two reports on the market opening. The earlier report focused on the opening level, while a later update offered additional details on trading as of 9:15 a.m. and individual stock movements.

According to the updated report, the KOSPI rose 48 points, or 0.77 percent, to 6,305.45 as of 9:15 a.m. The discrepancy between the opening figure and the later level reflects early session fluctuations.

Both reports attributed the positive start to an overnight advance on Wall Street, driven by Amazon.com Inc.'s 4.5 percent gain following strong earnings, which helped lift companies benefiting from demand for AI. The Dow Jones Industrial Average rose 1.32 percent to 53,178.41, while the Nasdaq Composite climbed 2.13 percent to 25,913.90, Yonhap reported.

Falling oil prices also contributed to the broadly positive market sentiment on Monday, according to the reports.

Key Claims

  • The KOSPI opened 93.93 points, or 1.5 percent, higher at 6,351.38 on Tuesday.
  • As of 9:15 a.m., the KOSPI rose 48 points, or 0.77 percent, to 6,305.45.
  • The index plunged by more than 5 percent on Monday after a record 18-percent surge on Friday.
  • U.S. stocks advanced overnight, with Amazon.com Inc.'s 4.5 percent gain helping lift AI-related companies.
  • The Dow Jones Industrial Average rose 1.32 percent to 53,178.41, and the Nasdaq Composite climbed 2.13 percent to 25,913.90.
  • Falling oil prices supported positive market sentiment.
  • Large-cap stocks were mixed, with HD Korea Shipbuilding & Offshore Engineering rising 2.17 percent, LIG Defense & Aerospace gaining 4.86 percent, SK hynix up 0.7 percent, HMM jumping 4.43 percent, and POSCO Holdings gaining 0.82 percent. Decliners included Samsung Electronics (down 0.2 percent), Hyundai Motor (down 1.91 percent), and Amorepacific (down 0.54 percent).
  • The Korean won was trading at 1,431.65 won against the U.S. dollar as of 9:15 a.m., down 2.15 won from the previous stock trading close.