South Korea's KOSPI index rose 3.56% to 6,813.34, driven by foreign and institutional buying of major chipmakers like Samsung Electronics and SK hynix, amid relief over US CPI and strong AI sector earnings.
South Korea's KOSPI index rose 3.56% to 6,813.34, driven by strong foreign investment in chipmakers like Samsung Electronics and SK hynix, amid relief over US inflation data and positive AI sector earnings.
South Korean stocks surged Thursday, lifting the Kospi into a technical bull market with a 23% rebound from its July low, driven by strong gains in chip giants Samsung Electronics and SK Hynix amid a global revival in AI spending.
South Korean stocks ended sharply higher for the fourth straight session as investors bought major chipmakers like Samsung Electronics and SK hynix. The KOSPI rose 3.21 percent to close at 6,790.01, while the won gained ground.
South Korean stocks ended sharply higher for the third straight session Wednesday, with the KOSPI rising 3.68 percent as foreign and institutional investors purchased major chipmakers amid solid AI and semiconductor demand.
South Korean stocks ended sharply higher for the third consecutive session on Wednesday, driven by heavy buying of major chipmakers by foreign and institutional investors.
South Korean stocks ended higher for the second straight session on Tuesday as investors scooped up major chipmakers on bargain-hunting. The KOSPI rose 0.73 percent to close at 6,345.53, while the Korean won gained against the U.S. dollar.
South Korean stocks closed modestly higher Monday, ending a two-day losing streak as investors targeted chip-related shares for bargain hunting following Wall Street's record-setting rally. The benchmark KOSPI rose 0.65 percent.
South Korean stocks ended Monday modestly higher, snapping a two-day losing streak as investors engaged in bargain hunting for chip-related shares following Wall Street's record-setting rally. The benchmark KOSPI rose 0.65 percent to close at 6,299.66.
South Korean stocks plunged over 4 percent on Thursday, driven by losses in tech shares and lingering doubts over AI profitability following a tech sell-off on Wall Street.
South Korean stocks plunged over 4 percent on Thursday, driven by heavy tech losses amid ongoing doubts regarding the profitability of AI investments, prompting a temporary trading halt.
South Korea's main and secondary stock markets experienced their steepest monthly declines since October 2008, with seven out of 10 listed stocks falling in July. The KOSPI tumbled 22.2% and KOSDAQ dropped 21.4%, impacting major biotechnology and content firms.
South Korean stock prices, led by chipmakers SK Hynix and Samsung Electronics, surged almost 18% on Friday, partly reversing a three-day rout. The rebound was fueled by strong earnings from US tech giants Amazon and Microsoft, boosting AI optimism, alongside regulatory measures to curb selling.
South Korean stocks opened sharply higher, with the KOSPI up 5.96%, driven by semiconductor gains from Samsung Electronics and SK hynix. Investors await upcoming earnings reports from major tech companies like Alphabet Inc., which will influence sustained market momentum.
South Korean stocks fell over 4% on Monday, with the KOSPI plunging due to renewed concerns over AI infrastructure spending after a new low-cost Chinese AI model emerged, coupled with escalating U.S.-Iran tensions in the Middle East.
Foreign investors were net sellers on South Korea's stock markets this month, offloading 12.1 trillion won on the main bourse, but remained net buyers of ETFs, including KODEX Leverage, to mitigate risk amid heightened market volatility and new government regulations.
South Korea's Kospi index plunged 7% on Monday due to rising Middle East geopolitical tensions and concerns over AI stock valuations. Oil prices surged, strengthening the US dollar and increasing interest rate hike bets. Tech stocks led the decline in Seoul, with SK Hynix and Samsung Electronics falling sharply.
South Korean stocks closed higher Friday, extending a winning streak to a second session, driven by a rally in semiconductor shares following overnight gains on Wall Street. The benchmark KOSPI rose 2.52%, with Samsung Electronics up 2.52%. The Korean won also gained against the U.S. dollar.
South Korean stocks closed higher Friday, extending a winning streak to a second session, driven by a rally in semiconductor shares following overnight gains on Wall Street. The benchmark KOSPI rose 2.52%, with a buy-side sidecar triggered due to the rapid climb.
South Korean stocks surged Friday morning, with the KOSPI index rising 3.48% to 7,545.51, driven by a strong semiconductor rally led by Samsung Electronics and SK hynix. This follows gains in U.S. markets.
South Korean stocks opened higher on Friday, with the KOSPI index rising 2.41% to 7,467.91, driven by gains in major technology companies like Samsung Electronics. This follows positive overnight performance on Wall Street, influenced by semiconductor shares and lower oil prices.
South Korean stocks surged at the opening bell Friday, with the KOSPI index jumping 3.57 percent. Gains were led by major technology companies like Samsung Electronics and SK hynix, mirroring overnight advances on Wall Street driven by semiconductor shares and falling oil prices.
ExxonMobil expects a $5 billion profit increase in Q2 due to rising oil prices and refining margins. Kuwait's budget deficit widened to $23.1 billion amid falling oil revenues. South Korean stocks fell sharply, led by semiconductor companies, amid AI spending concerns.
South Korea's benchmark KOSPI index plunged over 7% on Tuesday, erasing recent gains driven by AI optimism. Investors rushed to lock in profits after Samsung Electronics announced strong quarterly earnings, triggering a broad sell-off in tech stocks. The market experienced trading suspensions and significant drops in major companies like Samsung Electronics and SK Hynix.
