Yonhap News4/30/2026BusinessSouth Korea
Seoul Stocks Rise to New Peak Above 6,700 Points on Strong Samsung, US Tech Earnings
KOSPI extends gains to third consecutive day as AI boom hopes fuel investor risk appetite
Quick Look
- Seoul stocks traded higher late Thursday morning, with the KOSPI rising 0.34% to 6,713.81, extending gains to a third consecutive day after closing at a new peak of 6,690.90 the previous day.
- Strong earnings from Samsung Electronics and US tech giants Alphabet, Amazon, Meta and Microsoft fueled hopes for a continued AI boom.
- Samsung Electronics rose 0.22% after posting record quarterly earnings, while SK hynix advanced 1.39% and Doosan Robotics spiked 8.02% on Nvidia cooperation news.
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Seoul stocks traded higher late Thursday morning, with the KOSPI rising 0.34% to 6,713.81, extending gains to a third consecutive day after closing at a new peak of 6,690.90 the previous day. Strong earnings from Samsung Electronics and US tech giants Alphabet, Amazon, Meta and Microsoft fueled hopes for a continued AI boom. Samsung Electronics rose 0.22% after posting record quarterly earnings, while SK hynix advanced 1.39% and Doosan Robotics spiked 8.02% on Nvidia cooperation news. However, Hyundai Motor fell 2.52% and LG Energy Solution lost 1.59% due to EV market slowdown.
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This article was originally published by Yonhap News.
