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South Korea: Strategic developments in Seoul
Seoul stocks open higher on chip gains Seoul stocks opened higher Wednesday, tracking overnight gains in US semiconductor shares, though elevated US Treasury yields weighed on the investor sentiment. The benchmark Korea Composite Stock Price Index, or KOSPI, gained 80.46 points, or 1.17 percent, to 6,951.27 as of 9:15 a.m. Overnight, US stocks ended slightly lower despite a decline in oil prices, as persistently high Treasury yields continued to weigh on investor sentiment. Semiconductor shares, however, bucked the broader weakness.
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This event was reported on rssby @Korea Herald. The summary above is an automated, neutral description; always consult the original report before relying on it.
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