▲ Traders are seen working inside the dealing room of Hana Bank in central Seoul, on June 30, 2026. (Yonhap)

stocks-open

Seoul stocks open higher on continued chip rally

SEOUL, July 1 (Yonhap) -- Seoul stocks opened higher Wednesday, boosted by a continued chip rally, while investors brace for the nation pension fund's stock rebalancing.

The benchmark Korea Composite Stocks Price Index (KOSPI) opened up 115.02 points, or 1.36 percent, at 8,591.5.

The index followed overnight gains on Wall Street, as chip stocks continued their rally and prospects for peace talks between the United States and Iran still remain valid.

The two sides are poised to hold fresh talks in Qatar this week, following a weekend of hostilities in the Middle East.

Investors are also keeping an eye on the rebalancing of the National Pension Service (NPS)'s stock portfolio, which is scheduled to engage in rebalancing of stocks starting Wednesday.

(END)

[ⓒ K-VIBE. 무단전재-재배포 금지]