Asian Stocks Rise as Chip Sector Recovers and Oil Prices Ease
Asian stock markets saw gains, with Seoul stocks closing over 3% higher, driven by a rebound in chip stocks. The recovery was also supported by easing oil prices.
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Seoul stocks close over 3% higher on chip rebound
Seoul stocks snapped their two-day losing streak and closed sharply higher Tuesday, as investors went bargain hunting for tech heavyweights. The Korean won closed higher against the US dollar. The benchmark Korea Composite Stocks Price Index closed up 231.68 points, or 3.56 percent, at 6,747.95. The index lost ground in early trading but sharply rebounded around noon, triggering the bourse operator to halt program trading for five minutes. Trade volume was moderate at 387.8 million shares worth
By The Korea Herald
Read full article →Asia stocks up as chip stocks recover, oil eases
US technology stocks advanced on Monday and this was mirrored in Asian trade.
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