Global Market: South Korean Shares Surge as Samsung, SK Hynix Rally on AI Optimism
9 Articles
9 Articles
(Seoul=Yonhap News) Reporter Hwang Cheol-hwan = SK hynix [000660] closed regular market trading with a surge of more than 3% on the 9th. Samsung Electronics [005930], on the other hand...
The Economic Times
Times of IndiaGlobal Market: South Korean shares surge as Samsung, SK Hynix rally on AI optimism
South Korean shares rose sharply on Wednesday, led by Samsung Electronics and SK Hynix as optimism over artificial intelligence supported semiconductor stocks. The KOSPI gained 1.44%, while the won strengthened against the US dollar and Korean government bond yields edged lower. Foreign investors, however, remained net sellers of South Korean equities.
Negotiating panel on the Seoul Stock Exchange, where Kospi advanced 1.4%Kospi climbs 1.4% with AI, BofA raises GDP projection from South Korea and Asian stock exchanges close mixed
[Digital Daily Reporter Kang Ki-hoon] The KOSPI rose more than 1% and recovered the 7,000 mark in just one day, despite geopolitical tensions originating from the Middle East and the burden of rising international oil prices. While semiconductor stocks in the U.S. market continued their strength backed by expectations of demand for artificial intelligence (AI), net buying of over 900 billion won by institutional investors drove the index up. Ac…
South Korean market stood out with steady increase amid optimism about the country's growth in the face of investments in artificial intelligence
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