{"id":2682,"date":"2025-09-05T01:32:12","date_gmt":"2025-09-05T01:32:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/2682\/"},"modified":"2025-09-05T01:32:12","modified_gmt":"2025-09-05T01:32:12","slug":"seoul-stocks-open-higher-on-hopes-for-feds-rate-cut","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/2682\/","title":{"rendered":"Seoul stocks open higher on hopes for Fed’s rate cut"},"content":{"rendered":"

\"An An electronic board showing the Korea Composite Stock Price Index at a dealing room of the Hana Bank headquarters in Seoul on Friday. (Yonhap) <\/p>\n

South Korean stocks opened higher Friday following overnight gains on Wall Street as investors digest the latest job market data.<\/p>\n

The benchmark Korea Composite Stock Price Index rose 13.14 percent, or 0.41 points, to 3,213.97 in the first 15 minutes of trading.<\/p>\n

US stocks closed higher overnight after data showed that private-sector hiring in August was weaker than expected, reinforcing bets that the Federal Reserve will cut its key rate later this month.<\/p>\n

The S&P 500 closed up 0.83 percent, the tech-heavy Nasdaq composite advanced 0.98 percent, and the Dow Jones Industrial Average added 0.77 percent.<\/p>\n

The US Bureau of Labor Statistics is also set to release the August job report later in the day.<\/p>\n

In Seoul, most large-cap shares opened higher.<\/p>\n

Top-cap Samsung Electronics traded flat at 70,100 won ($50), while rival SK hynix advanced 3.2 percent.<\/p>\n

Defense giant Hanwha Aerospace moved up 1.5 percent, top carmaker Hyundai Motor inched up 0.23 percent, and shipbuilder Hanwha Ocean tumbled 4.71 percent.<\/p>\n

The local currency had been quoted at 1,392.2 won against the greenback as of 9:15 a.m., up 0.3 won from the previous session. (Yonhap)<\/p>\n","protected":false},"excerpt":{"rendered":"An electronic board showing the Korea Composite Stock Price Index at a dealing room of the Hana Bank…\n","protected":false},"author":2,"featured_media":2683,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[3741,138,3856,3853,3852,3857,220,111,139,69,3854,3855,3851,3859,3860,3858],"class_list":["post-2682","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-asia-news","tag-business","tag-k-pop","tag-koreaherald","tag-korean-news","tag-kpop","tag-markets","tag-new-zealand","tag-newzealand","tag-nz","tag-south-korea-news","tag-south-korea-news-in-english","tag-the-korea-herald","tag-3859","tag-3860","tag-3858"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/2682","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=2682"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/2682\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/2683"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=2682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=2682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=2682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}