Despite Weakness in the U.S. Market, KOSPI Starts up over 2% on Positive News for Semiconductors and Large-Caps.
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2 Articles
The KOSPI index opened with gains in the 2% range on the 18th. Despite negative factors such as geopolitical risks in the Middle East and a surge in U.S. Treasury yields, the index is attributed to expectations of improved conditions in the artificial intelligence (AI) and semiconductor sectors, as well as capital inflows into top-performing large-cap stocks. The KOSPI index opened at 7,127.77, up 149.83 points (2.15%) from the previous trading …
KOSPI Jumps to 7,100 Mark After Holidays… Led by 280,000-Point Electronics and 1.7 Million-Point Nix
[Digital Daily Reporter Kim Nam-gyu] The domestic stock market, which reopened after the Liberation Day holiday, surged more than 2% in early trading, recovering the KOSPI 7,100 level. Although the New York stock market fell overnight due to concerns over rising international oil prices and U.S. Treasury yields, the strength of U.S. semiconductor stocks carried over to the domestic market. In particular, as foreign investors bought over 500 bil…
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