Seoul shares opened higher Tuesday, tracking overnight gains on Wall Street buoyed by technology shares. The benchmark Korea Composite Stock Price Index (KOSPI) gained 10 points, or 0.35 percent, to 2,867.76 in the first 15 minutes of trading. Overnight, the tech-heavy Nasdaq composite and the S and P 500 rose to hit record highs as investors scooped up technology shares, including Apple and Nvidia. Investors have been waiting for Federal Reserve Chairman Jerome Powell's congressional testimony and the release of the U.S. Consumer Price Index for June due this week. In Seoul, top tech giant Samsung Electronics added 0.46 percent, and No. 2 chipmaker SK hynix gained 0.43 percent. Leading battery maker LG Energy Solution climbed 0.7 percent, and Samsung SDI rose 0.66 percent as well. Chemical firms opened higher as well, with LG Chem increasing 0.14 percent and SK Innovation moving up 0.81 percent. The local currency was trading at 1,382.4 won against the U.S. dollar at 9:15 a.m., up 0.9 won from the pr evious session's close. Source: Yonhap News Agency
Myanmar Suspends Flights at Mandalay Airport Following Drone Strike
Mandalay: Myanmars second-busiest airport was closed for two days on Friday, security sources said, after the military-backed government accused pro-democracy rebels of attacking it with drones.
According to TRTworld.com, Mandalay