KOSPI Surges 3.3% as Samsung and SK Hynix Rally, Rebounding From Six-Month Low on Foreign Buying Return
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5 Articles
(Seoul = Yonhap News) Reporter Hwang Cheol-hwan = Samsung Electronics [005930] and SK Hynix [000660] surged in early trading on the 21st, showing gains of around 4% and 5% respectively...
On October 21, the KOSPI and other indices are displayed on the status board of the dealing room at Hana Bank's headquarters in Jung-gu, Seoul. On this day, the KOSPI closed regular trading after surging by over 3%. It finished the session at 5,735.66, up 182.92 points (3.29%) from the previous close. [Yonhap] The domestic stock market, which had been unable to recover from the shock of the previous day's massive plunge, succeeded in a sharp re…
Kospi jumps 3% after Wall Street rally
Asian shares were mixed on Wednesday, with Japan and South Korean technology stocks advancing following a broad rally on Wall Street. The Kospi in Seoul gained 3.3% to 5,735.66. South Korean AI company Elice, whose 32% drop Tuesday in its first day of trading spooked markets, rebounded on Wednesday, hitting the upward limit of 29.9%. […]
KOSPI Surges 3.3% as Samsung and SK Hynix Rally, Rebounding From Six-Month Low on Foreign Buying Return
South Korea's KOSPI surged 3.29% as Samsung Electronics and SK Hynix rallied, foreign investors resumed buying and traders weighed chip earnings, bond yields and AI spending concerns.
SK Hynix is rising in the 8% range, recovering from yesterday's sharp decline. This is the result of a rebound in buying following the previous day's plunge, coupled with positive news designed to revive investor sentiment toward artificial intelligence (AI). On the 21st, SK Hynix expanded its gains to the 8% range on the KOSPI market, surpassing 1.32 million won. With the "two semiconductor giants" surging—including Samsung Electronics, which r…
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