Seoul stocks open sharply higher on chip gains amid revived AI hopes

S.Korean stocks, won lead Asian gains as AI trade rebounds

SOUTH Korean stocks and the won led gains across Asian markets on Tuesday, as investors returned to AI-linked trades after a rally in US chipmakers and tech stocks, while Indonesian stocks and the rupiah fell a day ahead of a central bank rate decision.

Global Market Today: Asian stocks climb after tech shares power Wall Street

MSCI Inc.’s gauge of Asian shares climbed 0.5%, with memory chipmakers Samsung Electronics Co. and SK Hynix Inc. the top contributors to gains. South Korea’s benchmark Kospi Index jumped more than 2%. Contracts for US benchmarks edged higher after the S&P 500 and Nasdaq 100 posted their best days since early August.

Seoul stocks open sharply higher on chip gains amid revived AI hopes

Korean stocks opened sharply higher Tuesday, led by gains in tech heavyweights, following a record close for the tech-heavy Nasdaq Composite amid revived hopes for artificial intelligence (AI) and a fall in global oil prices and bond yields. The benchmark Korea Composite Stock Price Index (KOSPI) rose 153.89 points, or 2.2 percent, to 7,161.61 at the opening bell. On Monday (local time), U.S. stocks rallied, with the Nasdaq Composite rising 2.3 …

Tech-led rally: Stocks climb as oil slides, AI buzz returns

Global benchmarks mostly rise after Wall Street’s rally

TOKYO — Global shares mostly rose Tuesday, as the market mood turned positive from the overnight rally on Wall Street. France’s CAC 40 added nearly 0.2% in early trading to 8,152.58, while the German DAX rose 0.1% to 25,609.14. Britain’s FTSE 100 edged up nearly 0.1% to 10,746.70. U.S. shares were set to be mixed, […]