Seoul Stocks Rise on Continued Chip Rally
Seoul stocks ended higher for a second consecutive day, driven by an extended rally in chip stocks. This rebound reflects strong performance in the semiconductor sector.
The Story
Analyzing sources…
Source Diversity
Source Diversity
Low (24/100)Sources
Why Micron and other chip stocks are bouncing back so strongly
The recent chip sell-off presented a buying opportunity, and open-source AI models should drive more memory demand, analysts say
By Britney Nguyen
Read full article →Seoul stocks end higher for 2nd day on extended chip rally
Seoul stocks ended higher for the second consecutive session Wednesday on an extended chip rally ahead of upcoming earnings releases from US big tech companies. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index closed up 49.75 points, or 0.74 percent, to 6,797.7 after rising as high as 7,166.00. After opening sharply higher, the index shed some of the early gains as retail and institutional investors sold off tech heavyweights to lock in profits. The two
By The Korea Herald
Read full article →
