South Korean shares rise more than 1% as chipmakers jump
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South Korean shares rose over 1% on Monday, driven by gains in chipmakers like Samsung Electronics and SK Hynix, following positive trends in U.S. markets. The KOSPI index increased by 1.66% to 4,087.18. Foreign investors were net buyers, purchasing shares worth 386 billion won. The Korean won remained stable against the dollar, while bond yields showed mixed movements. The electric and electronic sector led gains, while Samsung Biologics fell after announcing a U.S. acquisition.
Source: Reuters The copyright of this article belongs to the original author/organization.
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