Seoul shares rebound after opening lower, tracking U.S. gains

Seoul shares rebounded Monday after opening lower, tracking gains on Wall Street, though investors remained cautious amid renewed tensions in the Middle East.

After opening 0.85 percent lower, the benchmark Korea Composite Stock Price Index turned higher, trading 27.48 points, or 0.37 percent, higher at 7,503.42 as of 9:15 a.m. The rebound followed gains in US stocks on Friday, buoyed by South Korean chipmaker SK hynix's multibillion-dollar US share offering.

SK hynix's American depositary recei