Seoul shares open sharply higher on tech gains ahead of US election results

Korea Times News ·
Economy Markets

Korean stocks started sharply higher Wednesday, driven by gains in tech shares as investors awaited results from the U.S. midterm elections. The benchmark Korea Composite Stock Price Index (KOSPI) rose 124.21 points, or 2.2 percent, to 5,773 as of 9:15 a.m. Overnight on Wall Street, the tech-heavy Nasdaq gained 0.83 percent on strong chip shares and the S&P 500 climbed 0.36 percent. The PHLX chip…

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