Seoul stocks open higher on eased US rate-hike woes

Seoul stocks opened higher Friday, tracking overnight gains on Wall Street as investor concerns over further US interest rate hikes eased following dovish remarks from a Federal Reserve official. The benchmark Korea Composite Stock Price Index was trading 96.9 points, or 1.47 percent higher, at 6,676.38, as of 9:16 a.m. Overnight, the Dow Jones Industrial Average rose 1.18 percent, while the S&P 500 gained 1.06 percent and the tech-heavy Nasdaq Composite advanced 1.4 percent. Investor sentiment

Source: The Korea Herald