Seoul stocks open higher, boosted by chip rally
Hızlı Bakış
- Seoul stocks opened higher on Wednesday, led by a continued chip rally and positive overnight gains on Wall Street.
- Investors are also monitoring the National Pension Service's stock portfolio rebalancing.
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Seoul stocks opened higher on Wednesday, boosted by a continued chip rally and overnight gains on Wall Street. Investors are also watching the National Pension Service's stock portfolio rebalancing.
SEOUL, July 1 (Yonhap) -- Seoul stocks opened higher Wednesday, boosted by a continued chip rally, while investors brace for the nation pension fund's stock rebalancing.
The benchmark Korea Composite Stocks Price Index (KOSPI) opened up 115.02 points, or 1.36 percent, at 8,591.5.
The index followed overnight gains on Wall Street, as chip stocks continued their rally and prospects for peace talks between the United States and Iran still remain valid.
The two sides are poised to hold fresh talks in Qatar this week, following a weekend of hostilities in the Middle East.
Investors are also keeping an eye on the rebalancing of the National Pension Service (NPS)'s stock portfolio, which is scheduled to engage in rebalancing of stocks starting Wednesday.
Açık Sorular
- Impact of NPS rebalancing on market direction?
- Outcome of US-Iran peace talks?
