S.Korean stocks recover some recent losses in early Wednesday trading
South Korean shares opened higher Wednesday after five straight days on the slide.
However, the benchmark KOSPI was down 11 points... or zero-point-six percent to 1,906 as of 11:30 AM, Korea time.
The higher open comes after U.S. stocks rebounded Tuesday, mainly due to a stabilization of China's currency.
Investors also took comfort after the Chinese central bank announced plans to issue central bank bills worth 30 billion yuan next week.
South Korea's junior tech-heavy KOSDAQ was up three points or zero-point-six percent as of 11:30 AM, Korea time.
However, the benchmark KOSPI was down 11 points... or zero-point-six percent to 1,906 as of 11:30 AM, Korea time.
The higher open comes after U.S. stocks rebounded Tuesday, mainly due to a stabilization of China's currency.
Investors also took comfort after the Chinese central bank announced plans to issue central bank bills worth 30 billion yuan next week.
South Korea's junior tech-heavy KOSDAQ was up three points or zero-point-six percent as of 11:30 AM, Korea time.