Seoul shares finished higher on Wednesday, driven by gains in technology companies and airlines. Investors are awaiting a US inflation report to get an idea about future interest rate hikes. The benchmark Korea Composite Stock Price Index increased by 0.48 percent to close at 2,574.72. Trading volume was moderate, with gainers outnumbering decliners. Foreigners and institutions purchased stocks worth 244 billion won, offsetting individuals’ selling valued at 254 billion won. Investors are focusing on the US consumer price index data, which will be released later in the day, as it will help predict the future course of the US central bank’s monetary policy. In Seoul, large-cap stocks had mixed performance. Samsung Electronics, SK hynix, Posco Holdings, and SK Innovation saw gains, while Hyundai Motor, LG Energy Solution, and KG Mobility experienced declines. The South Korean won also rose against the US dollar, closing at 1,288.7 won.

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By hassani

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