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 shares opened 3.3% higher on Thursday, with investors buying bargain-priced chip stocks after a sharp sell-off in the previous session. The KOSPI rose 243.11 points to 7,489.90, led by gains in Samsung Electronics and SK hynix.
