Global Market: KOSPI Surges as Samsung, SK Hynix Gain on Tech Rally
6 Articles
6 Articles
(Seoul = Yonhap News) Reporter Hwang Cheol-hwan = Samsung Electronics [005930] and SK Hynix [000660] are showing an upward trend of around 2% in early trading on the 23rd.
The Economic Times
Times of IndiaGlobal Market: KOSPI surges as Samsung, SK Hynix gain on tech rally
South Korean shares rose nearly 2% on Tuesday, tracking Wall Street gains, with Samsung Electronics and SK Hynix leading the rally. The won strengthened while government bond yields eased as investor sentiment improved amid stronger risk appetite.
The U.S. stock market closed mixed overnight, with semiconductor stocks strong and financial stocks weak. The domestic stock market is also expected to open higher amid expectations of easing geopolitical tensions.
[Digital Daily Reporter Kang Ki-hoon] The KOSPI surged more than 2% in early trading, breaking through the 7,150 mark. With Samsung Electronics and SK Hynix showing strong gains, foreign and institutional investors are engaging in net buying, driving the index higher. According to the Korea Exchange on the 22nd, as of 9:17 AM, the KOSPI is recording 7,150.84, up 143.12 points (2.04%) from the previous trading day. The index started at 7,161.61…
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