(LEAD) Seoul shares turn higher after weak start amid inflation woes

What happened: Seoul shares turned higher after opening lower, as hotter-than-expected U.S. inflation raised concerns about future rate hikes. Key numbers: KOSPI opened 0.56 percent lower, then traded up 13.71 points, or 0.26 percent, at 5,252.84 as of 9:15 a.m. The index gained 4.39 percent on Tuesday. U.S. consumer prices rose 0.3 percent in October from the previous month. Why it matters: The U.S. inflation reading stoked concerns that the Federal Reserve could pursue more aggressive monetary tightening to curb inflation. Large-cap stocks in Seoul were mixed.

Seoul shares turned higher after opening lower, as hotter-than-expected U.S. inflation raised concerns about future rate hikes.

The U.S. inflation reading stoked concerns that the Federal Reserve could pursue more aggressive monetary tightening to curb inflation. Large-cap stocks in Seoul were mixed.