Seoul Shares Recover Late Tuesday After Opening Lower
2 sources · South Korea · 1 of them is linked to a state
Who reported this
- Yonhap
- The Korea Herald
What the colours mean
- Left
- Centre-left
- Centre
- Centre-right
- Right
- A hatched block means the outlet is affiliated with, or controlled by, a state.
Political lean describes where an outlet sits within the politics of its own country. It is never a position on a single global scale.
Political lean is comparable inside one country and not across them, which is why the bar groups by country first. Publicly funded broadcasters are not marked as state-linked.
The owner of each outlet is listed as a matter of record, not as a judgement about the outlet.
Every source for this story reports from South Korea.
South Korean shares turned higher late Tuesday morning after an initial decline. The benchmark Korea Composite Stock Price Index (KOSPI) opened 0.95 percent lower at 6,240.06, tracking overnight losses on Wall Street. By 11:20 a.m. the index rose to 6,333.03, an increase of 33.37 points or 0.53 percent.
Foreign investors drove the late morning recovery by purchasing a net 1.29 trillion won (US$911.2 million) worth of shares, which offset a combined 1.13 trillion won selling spree by retail and institutional investors. Samsung Electronics rose 3.26 percent by 11:20 a.m. after previously trading lower, while SK hynix dipped 0.63 percent during the same period.
The initial downturn followed a Monday session where U.S. stock markets edged down from all time highs. The S&P 500 slipped 0.1 percent, the Dow Jones Industrial Average dipped 0.1 percent, and the Nasdaq Composite fell 0.3 percent. These losses were attributed to rising oil prices and uncertainty regarding the reopening of the Strait of Hormuz to shipping.
The Korean won was trading at 1,415.8 won against the U.S. dollar as of 11:20 a.m. up 2.5 won from the close of stock trading the previous day.
How each side framed it
- Centre
- Center outlets provided a chronological progression of the day, moving from the initial drop to the late morning recovery driven by tech gains.
- Centre-right
- Center-right coverage focused on the opening losses and the negative influence of Wall Street performance.
Sources
- Centre-right The Korea Herald: Seoul shares open lower on US losses
- Centre Yonhap: (LEAD) Seoul shares open lower on U.S. losses
- Centre Yonhap: Seoul shares open 0.95 pct lower on U.S. losses
- Centre Yonhap: (URGENT) Seoul shares open 0.95 pct lower on U.S. losses
- Centre Yonhap: Seoul shares turn higher late Tuesday morning on tech gains
100% of the statements in this article were traced back to the source articles listed above.