Stocks in Seoul rise following positive trends on Wall Street

Stocks in South Korea started higher on Thursday, mirroring a tech-driven surge on the New York Stock Exchange the previous night. The Korea Composite Stock Price Index gained 14.26 points.

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2025 September 13 . 12:42 PM

2 min read

Stocks in Seoul begin trading at a higher level following gains on Wall Street

Stocks in Seoul rise following positive trends on Wall Street

In the global stock market landscape, South Korea and the United States saw mixed results on Thursday, while Google, the tech giant, managed to avoid its worst-case penalty in its anti-trust case.

In Seoul, most large-cap shares traded higher. The Korea Composite Stock Price Index started the day on a positive note, increasing by 0.45 percent, adding 14.26 points. At the close of trading, the index stood at 3,198.68. Notable gainers included LG Energy Solution, which moved up 1.43 percent, and SK hynix, which advanced 2.1 percent.

However, not all South Korean companies fared well. On Thursday, LG Chem and Samsung SDI saw losses, with LG Chem dropping 1.98 percent and Samsung SDI decreasing by 0.30 percent. Meanwhile, KB Financial Group retreated 0.54 percent, and Hanwha Aerospace inched up a modest 0.11 percent.

Across the Pacific, US stocks closed mostly higher. The tech-heavy Nasdaq finished up more than 1 percent, reflecting a strong performance from tech companies.

The US job openings fell to a 10-month low in July, fueling bets that the Federal Reserve will cut rates next month. This development could have significant implications for the US economy.

Meanwhile, in a significant decision, a federal judge refrained from forcing Google to sell its internet search engine Chrome. Google's parent company, Alphabet, jumped 9.1 percent in response to the news.

In the South Korean currency market, the local currency, the won, was trading at 1,388.6 against the greenback at 9:15 a.m., up 3.7 won from the previous session's close.

Samsung Electronics slid 0.14 percent, while Hyundai Motor inched down 0.23 percent. These movements in the South Korean tech and automotive sectors will be closely watched in the coming days.