Seoul's KOSPI surged over 4% to 7,096.89, driven by a tech rally fueled by strong Alphabet earnings and foreign investor buying of semiconductors. The Korean won also strengthened against the U.S. dollar, while Middle East tensions added some downward pressure.
Seoul stocks experienced sharp gains late Thursday morning, with the benchmark KOSPI rising 2.42 percent, as investors responded to Alphabet's better-than-expected second-quarter earnings, driven by strong cloud business growth and increased AI capital expenditures, despite a dip in major U.S. indexes.
Seoul stocks closed higher for a second day, driven by an extended chip rally, but pared some gains as investors awaited upcoming second-quarter earnings releases from major U.S. tech companies like Alphabet, which is expected to report Wednesday.
Seoul stocks surged late Wednesday morning, with the KOSPI rising 5.54% to 7,121.84, driven by foreign investors acquiring tech heavyweights like Samsung Electronics and SK hynix. The rally followed overnight gains in U.S. stocks, particularly semiconductors, as markets anticipate major tech earnings to gauge AI investment returns.
Seoul stocks ended a two-day losing streak, with the KOSPI surging 3.56% on Tuesday due to bargain hunting in tech heavyweights and a bullish outlook for memory chips. The Korean won also strengthened against the U.S. dollar, while Middle East mediation efforts boosted risk appetite.
Seoul stocks ended sharply higher, snapping a two-day losing streak, as investors engaged in bargain hunting for tech heavyweights like Samsung Electronics and SK hynix. The Korean won also strengthened against the U.S. dollar, with positive export figures and Middle East mediation efforts contributing to increased risk appetite.
Seoul stocks closed sharply higher, with the benchmark KOSPI gaining 3.56% as investors engaged in bargain hunting for tech heavyweights like Samsung Electronics and SK hynix. The Korean won also strengthened, supported by a bullish outlook for memory chips and positive Middle East mediation news.
Seoul stocks reversed earlier losses to trade higher late Tuesday morning, with the KOSPI index rising 2.29% as foreign and institutional investors engaged in bargain hunting for technology heavyweights like Samsung Electronics and SK hynix, despite ongoing Middle East hostilities.
Seoul stocks opened sharply lower Thursday, with the benchmark KOSPI falling nearly 3 percent late morning, pressured by an overnight selloff in U.S. semiconductor stocks. The Korea Exchange activated a sell-side sidecar for the KOSPI due to the sharp drop.
Seoul stocks opened sharply lower on Thursday, with the KOSPI plunging 6.23% to 7,790.16, as a sell-off in U.S. semiconductor shares and cautious investor sentiment weighed on the market. The Korea Exchange activated a sell-side sidecar due to the sharp drop.
Seoul stocks opened sharply lower Thursday, with the KOSPI index falling 4.46% to 7,933.1. The decline was driven by a sell-off in U.S. semiconductor shares and cautious sentiment following remarks from Federal Reserve Chairman Kevin Warsh regarding inflation and interest rates. Investors also monitored U.S.-Iran talks.
Seoul stocks reversed earlier gains Wednesday morning, with the KOSPI falling 3.21% to 8,203.98 as investors sold off semiconductor and tech shares. Black Rock downgraded emerging market equities, citing AI concentration risks.
Seoul stocks opened higher Wednesday, with the KOSPI rising 0.54% to 8,522.37, driven by a continued chip rally and prospects for US-Iran peace talks. Investors are also watching the National Pension Service's stock portfolio rebalancing.
Seoul stocks opened higher on Wednesday, led by a continued chip rally and positive overnight gains on Wall Street. Investors are also monitoring the National Pension Service's stock portfolio rebalancing.
Seoul stocks paused Friday after a six-day surge, with the KOSPI index falling 0.13% to 9,052.42. Investors cashed out gains from an AI boom due to postponed U.S.-Iran talks, impacting chip and defense stocks.
Seoul stocks dipped Friday after a six-day surge, as investors cashed out gains from an AI boom amid renewed Iran uncertainties. The KOSPI fell 0.13% to 9,052.42 after planned talks with Iran were postponed.
Seoul stocks paused Friday after a six-day rally, with investors cashing out gains from an AI boom amid renewed Iran uncertainties. The KOSPI fell 0.13% after choppy trading, influenced by postponed talks between the U.S. and Iran.
Seoul stocks surged Friday, with the KOSPI index climbing over 200 points to surpass 9,200, driven by strong performance in chipmakers like Samsung Electronics and SK Hynix, following positive leads from Wall Street.
Seoul stocks opened at a fresh record high Friday, surpassing 9,000 points, driven by a chip rally fueled by the artificial intelligence boom. Major chipmakers saw gains, with Samsung Electronics and SK hynix leading the charge.
Seoul stocks surged past 9,000 for the first time, opening at a record high Friday, driven by a continued chip rally fueled by the artificial intelligence boom. Overnight gains on Wall Street, particularly from chipmakers like Intel, Nvidia, and Micron, boosted the market. Analyst Han Ji-young of Kiwoom Securities anticipates the chip rally to continue, though profit-taking might limit further gains.
Seoul stocks, led by chipmakers, surpassed 9,000 points for the first time, driven by AI optimism and hopes for an end to the U.S.-Iran conflict. Despite a hawkish Fed, investors favored semiconductor giants Samsung Electronics and SK hynix.
Seoul stocks surged past the 9,000-point mark for the first time, driven by chipmaker optimism amid a hawkish Fed and hopes for an end to the U.S.-Iran conflict. The KOSPI closed up 2.25% to 9,063.84.
Seoul stocks crossed the 9,000-point milestone for the first time on Thursday, driven by AI-related stocks like Samsung Electronics and SK hynix, despite a hawkish U.S. Fed and Iran uncertainty. The KOSPI reached 9,040.52, less than a month after breaking 8,000.
Seoul stocks surpassed the 9,000-point milestone on Thursday, driven by strong performance in semiconductors and other tech heavyweights. The KOSPI index reached 9,000.68, less than a month after crossing the 8,000-point mark.
