Illustration of Seoul shares rising on tech rebound with KOSPI at 6856.83
Illustration of Seoul shares rising on tech rebound with KOSPI at 6856.83
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Seoul shares close higher on tech rebound

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Seoul shares ended higher Tuesday on a rebound in technology stocks. The KOSPI closed up 0.73 percent at 6,856.83.

The benchmark KOSPI reversed from an early 0.56 percent decline to finish 49.9 points higher. It had dropped as low as 6,448.86 during the session after a 9 percent plunge the previous day.

Samsung Electronics rose 3.34 percent to 263,000 won while SK hynix gained 3.69 percent to 1,913,000 won. Hyundai Motor fell 4.39 percent and Hanwha Aerospace dropped 6.84 percent.

Investors monitored renewed US-Iran tensions over the Strait of Hormuz and awaited US inflation data. The Korean won strengthened 10.4 won to 1,493 won per dollar.

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Users noted the dramatic rebound in KOSPI despite intraday drop, with tech stocks leading recovery; some expressed skepticism about sustainability.

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Illustration of Seoul shares rising on tech rally with traders and stock screens
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Seoul shares close more than 6 percent higher on tech rally

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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.

Seoul shares rebounded Monday after opening lower, tracking gains on Wall Street. The benchmark KOSPI rose 0.37 percent to 7,503.42 as of 9:15 a.m.

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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.

South Korean stocks closed sharply lower on June 5 as investors locked in profits from recent tech gains amid uncertainty over U.S.-Iran peace negotiations.

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

South Korean stocks closed at a fresh record high above 8,800 on Tuesday, led by gains at Samsung Electronics amid optimism over Artificial Intelligence.

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Seoul stocks rose sharply on Friday as investors bet on a possible end to the conflict between the United States and Iran. The benchmark KOSPI index climbed more than 4 percent to close above 8,000 again.

 

 

 

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