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.
Hong Kong Exchanges and Clearing (HKEX) is launching proprietary benchmarks and related investment products, including an ETF tracking its HKEX Tech 100 Index, to capitalize on the AI-driven tech rally and evolving market demands.
South Korean stocks, led by the KOSPI, surged over 5% and briefly surpassed 9,000 points, fueled by U.S. chip giant Micron Technology's better-than-expected earnings report. Semiconductor shares like Samsung Electronics and SK hynix saw significant gains, while the Korean won depreciated against the U.S. dollar.
South Korea's KOSPI index surpasses 9,000 points for the first time, driven by a technology rally led by Samsung Electronics and SK hynix, with the index soaring over 110% this year amid optimism over an interim US-Iran peace deal.
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SEOUL, May 13 (Yonhap) -- South Korean stocks rebounded by more than 2 percent t...
Seoul stocks traded sharply higher late Tuesday morning as investors bought major tech shares ahead of earnings releases from U.S. tech companies. The KOSPI rose 0.89 percent to 6,673.68, briefly topping 6,700. Samsung Electronics fell 0.67 percent while SK hynix gained 1.86 percent. Hyundai Motor jumped 7.44 percent. The won weakened to 1,474.6 against the dollar.
SEOUL, April 28 (Yonhap) -- Seoul stocks briefly topped the 6,700-point level Tu...
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SEOUL, April 27 (Yonhap) -- Seoul stocks shattered a new record Monday, to close...
SEOUL, April 27 (Yonhap) -- Seoul stocks shattered a new record Monday, to close...
SEOUL, April 21 (Yonhap) -- Around two months after an extreme rout caused by th...
South Korea's KOSPI index reached a record high of 6,388.47 points on Tuesday, driven by a tech rally and optimism regarding U.S.-Iran peace talks. The market recovery follows a period of extreme volatility caused by the Middle East crisis.
South Korea's KOSPI index reached a new intraday high of 6,361.17, surpassing its pre-Middle East crisis level from Feb. 26. The index rose nearly 2% as optimism around US-Iran peace talks, record Samsung earnings, and returning foreign investors boosted sentiment. Goldman Sachs raised its 12-month target to 8,000 points, while JPMorgan set a bull case of 8,500 points.
