Illustration of Seoul stock market rebound with green trends on screens and optimistic traders.
Illustration of Seoul stock market rebound with green trends on screens and optimistic traders.
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Seoul shares rebound after Tuesday chip rout

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Seoul shares opened higher Wednesday after a sharp Tuesday decline in chipmaking stocks.

The benchmark Korea Composite Stock Price Index rose 134.24 points, or 2.23 percent, to 6,157.90 as of 9:15 a.m. On Tuesday the index plunged 10.84 percent to close at 6,023.66 amid concerns over future artificial intelligence infrastructure spending and rising competition from China.

Samsung Electronics jumped 5.23 percent and SK hynix climbed 3.55 percent. SK hynix posted record net profit of 93.92 trillion won for the April-June period, up sharply from 6.99 trillion won a year earlier.

Wall Street ended mixed overnight. The Dow Jones Industrial Average gained 1.03 percent while the tech-heavy Nasdaq Composite slipped 0.22 percent. The Korean won traded at 1,457.10 won against the U.S. dollar, down 3 won from the previous close.

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Illustration of rising Seoul shares amid US chip sell-offs, showing stock traders and market screens.
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Seoul shares open 1.86% higher despite US chip sell-offs

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South Korean stocks opened higher Wednesday despite massive sell-offs in US semiconductor shares.

Seoul shares opened 3.3 percent higher on Thursday as investors bought bargain-priced chip stocks after the previous session's steep sell-off. The benchmark KOSPI index rose 243.11 points to 7,489.90 at the opening bell.

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Seoul shares opened higher Wednesday, tracking overnight gains on Wall Street, though continued uncertainty in the Middle East remains a concern for investors.

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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Seoul stocks opened higher on Wednesday, July 1, boosted by a continued chip rally. The benchmark KOSPI rose 45.89 points, or 0.54 percent, to 8,522.37 as of 9:15 a.m.

South Korean stocks opened sharply lower on June 11, tracking an overnight tech slump on Wall Street and escalating tensions between the United States and Iran.

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South Korean stocks opened at a fresh record high on Thursday, moving closer to the historic 8,000 milestone on the benchmark KOSPI index amid strength in large-cap tech shares.

 

 

 

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