Asian Shares Are Mixed, with Kospi up 3% After US Stocks Rally on Stro
Samsung Electronics and SK hynix jumped more than 7% as institutions and foreigners bought a net 468.84 billion won, Yonhap news agency reported.
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Asian shares are mixed, with Kospi up 3% after US stocks rally on stro
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 more than 4% early on and by midday was trading up
Global Market: South Korean shares jump 3% as chipmakers rally on strong exports, AI demand
South Korea’s KOSPI surged 3.03% after hitting a six-month closing low, supported by a rally in chipmakers, record semiconductor exports and optimism over sustained AI infrastructure demand. Foreign investor buying also aided the rebound.
Seoul shares extended gains late Wednesday morning, led by a rebound in technology stocks, despite concerns over heavy investment in artificial intelligence (AI) infrastructure. After opening 2.05 percent higher, the benchmark Korea Composite Stock Price Index (KOSPI) rose 227.93 points, or 4.1 percent, to 5,780.67 as of 11:20 a.m. The main index rebounded after falling nearly 4 percent in the previous session. Institutions and foreigners bought…
The leading indices in Asia are showing a mixed start to trading with the Kospi rising sharply by 3.8 percent.
Asian stocks are mostly trading higher on Wednesday, thanks to a rebound in AI-related companies in the wake of strong figures from Space X and Super Micro Computer in the US. “Positive news is dampening the concerns about AI that have been seen in the stock market lately,” comments one analyst.
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