
Seoul shares open slightly higher on US gains
The benchmark Korea Composite Stock Price Index rose 8.14 points, or 0.25 percent, to 3,232.51 in the first 15 minutes of trading.
In the United States, the benchmark S&P 500 and Nasdaq indexes climbed to new highs Wednesday on the previous day's mild inflation data and the government's repeated calls for a rate cut.
The S&P 500 gained 0.32 percent and the Nasdaq Composite rose 0.14 percent to close at new all-time highs. The Dow Jones Industrial Average also added 1.04 percent.
In Seoul, battery and auto shares led the early gains.
Leading battery maker LG Energy Solution advanced 1.67 percent, and POSCO Future M increased 1.38 percent.
Top carmaker Hyundai Motor mounted 0.93 percent, and its auto parts affiliate Hyundai Mobis climbed 0.33 percent.
Defense giant Hanwha Aerospace rose 1.37 percent following a US$250 million deal to export its homegrown K9 self-propelled howitzers to Vietnam.
However, top-cap Samsung Electronics fell 0.63 percent.
The local currency was trading at 1,380.1 won against the US dollar at 9:15 a.m., up 1.6 won from the previous session. (Yonhap)
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11 hours ago
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Citing Polish government data, the report said the company was established in 2019 by two Korean nationals. While no charges have been filed, investigators are looking into possible illegalities in the flow of funds from the firm to possible third-party recipients, it added. Mariusz Blaszczak was Poland's defense minister when the first K2 tank deal was signed in 2022. Reports have suggested that the ongoing investigation may be politically motivated, potentially targeting Blaszczak. The ongoing investigation centers on whether two multimillion-zloty invoices issued by the consulting firm contained false statements that could affect public debt assessments — a violation that carries a maximum sentence of 25 years in prison under Polish criminal law. The report did not name specific Korean companies that the consulting company had worked with. However, it listed arms imported by Korean companies such as K2 Black Panther tanks, K9 self-propelled howitzers and FA-50 fighter jets. 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