South Korean stocks opened higher Thursday due to rebounding oil prices and an apparent slowdown in the COVID-19 pandemic.
The Korea Composite Stock Price Index (KOSPI) rose 0.55 percent, to 1,906.49 in the first 15 minutes of trading.
However, KOSPI's surge would depend on investors' assessment of the impact of the COVID-19 pandemic on the global economy and corporate earnings in the coming quarters.
The country's economy suffered a 1.4 percent in the first quarter of the year from three months earlier, its worst since 2008.
Investors are now awaiting data of the first-quarter business results of major companies set to be released from this week to base their decisions in reorganizing their portfolios.
Korean Air Lines Co. rose 2.6 percent, refiner SK Innovation Co. went up 1.9 percent, Hyundai Motor Co. climbed 1.5 percent, and Samsung Electronics Co. gained 0.3 percent.
However, cosmetics firm AmorePacific Corp. declined 0.9 percent, chipmaker SK hynix Inc. dropped 0.7 percent, and tobacco company KT&G Corp. declined 0.5 percent.
On Wednesday, Korean stocks also showed positive signs, when it snapped a two-day losing streak, due to the government's stimulus packages and recovering oil prices.
The KOSPI index dipped 16.77 points, or 0.89 percent, to close at 1,896.15.
The government's aid package will be increased from the previously set 100 trillion won to 135 trillion won.
Of the amount, 20 trillion won will be used to acquire more corporate bonds and 10 trillion won will be lent to small businesses.
"Retail investors' aggressive stock buying gave a boost to the KOSPI index amid ample liquidity in the market," said NH Investment & Securities Co. analyst Noh Dong-kil.


European Stocks Rally on Chinese Growth and Mining Merger Speculation
Australia’s December Trade Surplus Expands but Falls Short of Expectations
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record
UK Markets Face Rising Volatility as Hedge Funds Target Pound and Gilts
Wall Street Rebounds as Investors Eye Tariff Uncertainty, Jobs Report
Do investment tax breaks work? A new study finds the evidence is ‘mixed at best’
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient
KiwiSaver shakeup: private asset investment has risks that could outweigh the rewards
U.S. Stock Futures Rise as Trump Takes Office, Corporate Earnings Awaited
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm
How the UK’s rollback of banking regulations could risk another financial crisis
China’s Growth Faces Structural Challenges Amid Doubts Over Data
Reliance Industries Surges on Strong Quarterly Profit, Retail Recovery
Tempus AI Stock Soars 18% After Pelosi's Investment Disclosure
Home ownership is slipping out of reach. It’s time to rethink our fear of ‘forever renting’
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off




