Illustration of Seoul stocks rising led by tech companies on market opening day
Illustration of Seoul stocks rising led by tech companies on market opening day
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Seoul stocks open higher on tech gains

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South Korean stocks opened higher Friday, led by gains in major technology companies following overnight advances on Wall Street.

The benchmark Korea Composite Stock Price Index opened 3.57 percent higher at 7,552.49. By 9:15 a.m. it had added 171.01 points, or 2.41 percent, to stand at 7,467.91.

Samsung Electronics rose 2.16 percent while affiliate Samsung Electro-Mechanics gained 3.95 percent. Chipmaker SK hynix edged down 0.23 percent after an initial rise.

Overnight in the United States the Dow Jones Industrial Average gained 0.27 percent, the S&P 500 rose 0.81 percent and the Nasdaq Composite climbed 1.3 percent. The Korean won traded at 1,509 won against the dollar, up 0.5 won from the previous session.

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Initial reactions on X note Seoul stocks opening higher due to tech gains in Samsung and SK Hynix, tracking Wall Street. Some users highlight technical bounces and resilience after recent corrections, while others express skepticism over market concentration in a few chip stocks and potential volatility. Reports mention specific gains around 2-3.5% for KOSPI.

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

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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.

Seoul stocks opened Thursday at a fresh high above 6,700, driven by solid chip demand expectations following strong first-quarter earnings from Samsung Electronics and U.S. big tech firms. The benchmark KOSPI rose as high as 6,739.39 at the opening bell before adding 19.51 points, or 0.29%, to 6,710.41 as of 9:15 a.m. The index had closed at a new peak of 6,690.90 the previous day, marking three straight days of gains.

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South Korean stocks opened slightly higher on Friday, tracking overnight gains on Wall Street amid rising hopes for a diplomatic resolution to the conflict between the United States and Iran.

Seoul stocks opened sharply lower on Friday as investors paused after a tech rally amid uncertainty over the U.S.-Iran peace deal.

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South Korean stocks opened lower on Friday after a recent rally and renewed military tensions in the Middle East following clashes between the United States and Iran.

 

 

 

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