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Illustration of Seoul stock exchange with rising chip stocks and sidecar alert
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Seoul stocks open sharply higher on chip rebound, sidecar triggered

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South Korean stocks opened sharply higher Wednesday on semiconductor gains, prompting the Korea Exchange to trigger a buy-side sidecar that suspended program trading for five minutes.

South Korean stocks closed at a record high on May 27, driven by gains in semiconductor shares.

Reportado por IA

South Korean stocks closed higher on Friday as semiconductor shares rallied following overnight gains on Wall Street. The benchmark KOSPI rose 2.52 percent to 7,475.94. The Korean won also gained against the U.S. dollar.

Seoul shares opened higher on Monday, driven by gains in technology companies ahead of second-quarter earnings results.

Reportado por IA

Seoul shares ended more than 6 percent higher Wednesday, led by technology stocks, even as tensions in the Middle East persisted. Softer-than-expected U.S. inflation data helped lift sentiment.

The South Korean won strengthened to a more than two-month high against the dollar on July 23 as the economy posted better-than-expected growth in the second quarter.

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Seoul stocks opened at a fresh record high Friday after surging past 9,000 the previous day, boosted by a continued chip rally amid an artificial intelligence boom.

 

 

 

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