Kospi opens higher ahead of U.S. big tech earnings

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Kospi opens higher ahead of U.S. big tech earnings

The display at Hana Bank in Jung District, central Seoul shows the Kospi closing at 6,615.03 on April 27. [NEWS1]

The display at Hana Bank in Jung District, central Seoul shows the Kospi closing at 6,615.03 on April 27. [NEWS1]

 
Kospi opened up at 6646.80 points on Tuesday, continuing the upward trend it achieved the previous trading day. 
 
Shares opened higher on Tuesday ahead of earnings releases this week from U.S. big tech companies amid the extended war in Iran. 
 

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The benchmark Kospi stood high above the 6,600 point it first achieved on Monday, opening 31.77 points, or 0.48 percent, higher than the previous session. 
 
The index closed at 6,615.03 on Monday. 
Overnight, major stock indexes on Wall Street closed mixed, with the S&P500 and the tech-heavy Nasdaq closing slightly higher to another all-time high.
 
Investors took a wait-and-see approach ahead of a first-quarter earnings release from tech firms, including Alphabet, Microsoft and Apple.
 
On the Middle East front, the White House said U.S. President Donald Trump is expected to hold a meeting with top national security officials to discuss the ongoing stalemate in discussions with Iran.
 
Meanwhile, Iran's foreign minister held a meeting with Russian President Vladimir Putin on Monday, which included discussions on the "war and aggression" by the United States and Israel, according to Iran's foreign ministry.
 
Prices of oil still remain high, with Brent crude, the international oil benchmark, above $100 per barrel at a three-week high.

BY CHO YONG-JUN, YONHAP [[email protected]]
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