Seoul shares turn higher after weak start amid inflation woes

Seoul shares turned higher after a weak start Wednesday amid concerns that hotter-than-expected US inflation could prompt rate hikes down the road. After opening 0.56 percent lower, the benchmark Korea Composite Stock Price Index turned higher, trading up 13.71 points, or 0.26 percent, at 5,252.84 as of 9:15 a.m. On Tuesday, the index gained 4.39 percent, buoyed by a rally in US technology stocks and falling oil prices. Overnight, the Dow Jones Industrial Average dropped 0.3 percent, and the tec

Source: The Korea Herald