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| ▲ The benchmark Korea Composite Stock Price Index is displayed on a screen in a dealing room of Hana Bank in Seoul on Jan. 7, 2026, after the index broke the 4,500-point mark for the first time a day earlier. (Yonhap) |
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Seoul shares trim earlier gains late Wed. morning on profit-taking
SEOUL, Jan. 7 (Yonhap) -- Seoul shares trimmed their earlier gains late Wednesday morning on profit-taking, after setting a new record high on technology gains.
The benchmark Korea Composite Stock Price Index (KOSPI) rose 53.25 points, or 1.18 percent, to 4,578.73 as of 11:20 a.m., after reaching an intraday high of 4,559.59, briefly breaking the 4,500-point level for the first time.
Overnight, the Dow Jones Industrial Average rose 0.99 percent, while the tech-heavy Nasdaq composite climbed 0.65 percent.
Technology and auto stocks led the gains.
Market bellwether Samsung Electronics rose 2.52 percent, while chip giant SK hynix climbed 4.68 percent.
Top carmaker Hyundai Motor jumped 11.69 percent, and its smaller affiliate Kia gained 4.73 percent.
The automakers advanced after Hyundai-owned Boston Dynamics demonstrated its humanoid robot Atlas for the first time at this year's CES on Monday (U.S. time).
Among decliners, top carrier Korean Air fell 1.78 percent, and leading chemical firm LG Chem shed 2.74 percent.
The local currency was trading at 1,448.05 won against the greenback at 11:20 a.m., down 2.55 won from the previous session.
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