Kospi opens higher after U.S. tech-led rally

Stocks opened higher Tuesday, tracking overnight gains in U.S. technology stocks as investors await corporate earnings amid elevated bond yields.

Published
A screen in Hana Bank's trading room in central Seoul shows the Kospi opening on Oct. 6.
A screen in Hana Bank's trading room in central Seoul shows the Kospi opening on Oct. 6.

Stocks opened higher Tuesday as overnight gains in U.S. tech stocks boosted investor sentiment despite concerns over rising bond yields.

The Kospi rose 40.93 points, or 0.58 percent, to 7,044.67 at the opening bell.

Investors are now turning their attention to upcoming corporate earnings amid concerns over bond yields at multidecade highs.

Overnight, the Dow Jones Industrial Average rose 0.18 percent, while the tech-heavy Nasdaq Composite gained 1.05 percent.


Yonhap