S.Korean stocks recover some recent losses in early Wednesday trading
- 5 years ago
South Korean shares opened higher Wednesday after five straight days on the slide.
However, the benchmark KOSPI was down 11 points... or zero-point-six percent to 1,906 as of 11:30 AM, Korea time.
The higher open comes after U.S. stocks rebounded Tuesday, mainly due to a stabilization of China's currency.
Investors also took comfort after the Chinese central bank announced plans to issue central bank bills worth 30 billion yuan next week.
South Korea's junior tech-heavy KOSDAQ was up three points or zero-point-six percent as of 11:30 AM, Korea time.
However, the benchmark KOSPI was down 11 points... or zero-point-six percent to 1,906 as of 11:30 AM, Korea time.
The higher open comes after U.S. stocks rebounded Tuesday, mainly due to a stabilization of China's currency.
Investors also took comfort after the Chinese central bank announced plans to issue central bank bills worth 30 billion yuan next week.
South Korea's junior tech-heavy KOSDAQ was up three points or zero-point-six percent as of 11:30 AM, Korea time.