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.
Seoul shares opened higher on Monday, driven by gains in technology companies like Samsung Electronics and SK Hynix, as investors anticipate second-quarter earnings reports for signs of AI-driven profit.
South Korea's benchmark KOSPI index soared 8.42 percent on Thursday, driven by strong Nvidia earnings, optimism over robotics, and Samsung Electronics averting a strike. The local currency gained against the U.S. dollar while bond yields closed mixed.
South Korean stocks opened higher on Wednesday, with the KOSPI rising 0.73% led by tech gains, despite overnight losses on Wall Street due to rising bond yields and inflation concerns.
The KOSPI fell 1.38% on Thursday as investors cashed in gains following record highs. Rising oil prices due to Middle East tensions and a hawkish Federal Reserve interest rate decision weighed on market sentiment despite strong tech earnings.
SEOUL, April 23 (Yonhap) -- South Korean stocks closed at a fresh record high Th...
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South Korean stocks rose Thursday, with the KOSPI gaining 0.75 percent to 6,465.97 and briefly surpassing 6,500 for the first time, led by large-cap tech shares. Samsung Electronics surged 2.76 percent while SK hynix rose 0.08 percent after reporting record Q1 revenue. The gains followed President Trump's indefinite extension of the U.S. ceasefire with Iran. The won weakened to 1,481.5 against the dollar amid surging oil prices.
