▲ Financial data is displayed on a screen at Hana Bank's dealing room in Seoul on Sept. 3, 2026. (Yonhap)

SEOUL, Sept. 4 (Yonhap) -- Seoul stocks opened higher Friday, tracking overnight gains on Wall Street as investor concerns over further U.S. interest rate hikes eased following dovish remarks from a Federal Reserve official.

The benchmark Korea Composite Stock Price Index (KOSPI) opened up 74.88 points, or 1.14 percent, at 6,654.36.

Overnight, the Dow Jones Industrial Average rose 1.18 percent, while the S&P 500 gained 1.06 percent and the tech-heavy Nasdaq Composite advanced 1.4 percent.

Investor sentiment improved after Federal Reserve Gov. Christopher Waller signaled a cautious approach to further monetary tightening, easing concerns that the U.S. central bank could resume rate hikes.

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