Seoul shares open sharply higher on tech gains ahead of US election results
Chip shares led the advance as investors awaited U.S. midterm results, with the KOSPI up 2.2% and Samsung Electronics and SK hynix rising.
5 Articles
5 Articles
Seoul shares open sharply higher on tech gains ahead of US election results
Korean stocks started sharply higher Wednesday, driven by gains in tech shares as investors awaited results from the U.S. midterm elections. The benchmark Korea Composite Stock Price Index (KOSPI) rose 124.21 points, or 2.2 percent, to 5,773 as of 9:15 a.m. Overnight on Wall Street, the tech-heavy Nasdaq gained 0.83 percent on strong chip shares and the S&P 500 climbed 0.36 percent. The PHLX chip index climbed 2.63 percent. Voting in the U.S. mi…
The South Korean equities erased their losses recorded during Wednesday's dealings, ending the session with a high profile, after investors considered that the sale wave following the US Democrats' advance in the mid-renovation election was exaggerated. The index of 4% of its losses was erased, closing up to 0.6%, while the shares of both Samsung Electronics and S.K. Henks were reduced to less than [...]. The article erases their losses and clos…
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- 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
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