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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.

This photo shows a dealing room at Hana Bank in central Seoul on May 15, 2025. (Yonhap)
This photo shows a dealing room at Hana Bank in central Seoul on May 16, 2025. (Yonhap)
This photo shows the dealing room at Hana Bank in central Seoul on May 16, 2025. (Yonhap)

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.