Key facts
- The KOSPI opened 0.56% lower on November 11, then turned higher, Yonhap reported.
- At 9:15 a.m. the index was trading up 13.71 points, or 0.26%, at 5,252.84.
- U.S. consumer prices rose 0.3% in October from the previous month, above expectations, per the report.
- Samsung Electronics fell 0.2% and SK hynix declined 0.5%, while Hyundai Mobis rose 1.99%.
- The Korean won was quoted at 1,339.75 per dollar, up 4.75 won from the previous close.
The Korea Composite Stock Price Index turned higher on November 11 after opening 0.56% lower, trading up 13.71 points, or 0.26%, at 5,252.84 as of 9:15 a.m., Yonhap reported. The earlier decline had tracked losses on Wall Street, where the Dow Jones Industrial Average dropped 0.3% and the Nasdaq Composite declined 0.74%.
U.S. consumer prices rose 0.3% in October from the previous month, a faster pace than expected, according to the report. That raised concern the Federal Reserve could tighten monetary policy more aggressively.
The previous session, November 10, the KOSPI gained 4.39%, helped by a rally in U.S. technology stocks and lower oil prices.
Among large-cap stocks in Seoul, Samsung Electronics fell 0.2%, SK hynix declined 0.5%, Hanwha Aerospace dropped 1.37% and Korean Air shed 0.92%. Hyundai Mobis rose 1.99% and POSCO Holdings climbed 1.29%.
The Korean won was quoted at 1,339.75 won against the U.S. dollar as of 9:15 a.m., up 4.75 won from the previous session's close.