Seoul stocks rise 0.93% as tech heavyweights lead gains

  • Seoul stocks opened higher Monday as technology heavyweights advanced.
  • The benchmark index gained 64.09 points, or 0.93%, to 6,958.32 by 9:15 a.m.
  • Seoul stocks rose 2.66% Friday as easing inflation concerns supported sentiment.

Seoul stocks opened higher Monday, led by gains in technology heavyweights, with the benchmark Korea Composite Stock Price Index rising 64.09 points, or 0.93%, to 6,958.32 as of 9:15 a.m. Investors remained cautious because oil prices were elevated and tensions persisted in the Middle East. Wall Street had closed higher overnight as sentiment improved amid falling oil prices and easing pressures. Seoul stocks had advanced 2.66% on Friday as easing inflation concerns supported investor sentiment.

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