Seoul shares rebound from deep trough on chip gains

South Korean stocks closed higher Monday, rebounding from a steep decline the previous session, as investors scooped up major chipmakers, including market heavyweight Samsung Electronics. The local currency gained ground against the greenback. After a choppy trading, the benchmark Korea Composite Stock Price Index gained 22.86 points, or 0.31 percent, to close at 7516.04. Trade volume was moderate at 561.4 million shares worth 43.4 trillion won ($28.9 billion), with losers outnumbering winners 6

By The Korea Herald

Seoul shares turn higher late Mon. morning on chip gains - Yonhap News Agency

Seoul shares turn higher late Mon. morning on chip gains  Yonhap News Agency