Seoul shares turn higher late Tuesday morning on tech gains
Summary
Korean shares turned higher late Tuesday morning in Seoul as foreign investors bought big-cap tech stocks on bargain hunting. The KOSPI rose 33.37 points, or 0.53 percent, to 6,333.03 at 11:20 a.m. Samsung Electronics gained 3.26 percent, while SK hynix fell 0.63 percent. The won traded at 1,415.8 per dollar, up 2.5 won from the previous day.
Key Facts
- Foreign investors bought a net 1.29 trillion won worth of shares, offsetting a combined 1.13 trillion-won selling spree by retail and institutional investors.
- The KOSPI opened 0.95 percent lower before turning positive late Tuesday morning.
- The S&P 500 fell 0.1 percent on Monday local time, while the Dow Jones Industrial Average slipped 0.1 percent and the Nasdaq Composite declined 0.3 percent.
- The article says oil prices rose on uncertainty over when the Strait of Hormuz could reopen to shipping.

The benchmark KOSPI is displayed at a dealing room of Hana Bank in Seoul, Tuesday. Yonhap
Korean shares turned higher late Tuesday morning as foreign investors scooped up big-cap tech shares on bargain hunting.
After opening 0.95 percent lower, the benchmark Korea Composite Stock Price Index (KOSPI) added 33.37 points, or 0.53 percent, at 6,333.03 as of as of 11:20 a.m.
Foreign investors bought up a net 1.29 trillion won ($911.2 million) worth of shares, offsetting a combined 1.13 trillion-won selling spree by retail and institutional investors.
On Monday (local time), the U.S. stock market edged down from its all-time high the previous session as oil prices rose on uncertainty about when the Strait of Hormuz could reopen to shipping.
The S&P 500 slipped 0.1 percent from its record, while the Dow Jones Industrial Average dipped 0.1 percent and the tech-heavy Nasdaq Composite fell 0.3 percent.
In Seoul, most large-cap shares traded mixed.
After opening lower, market bellwether Samsung Electronics went up 3.26 percent, while its chipmaking rival SK hynix dipped 0.63 percent.
The Korean won was trading at 1,415.8 won against the U.S. dollar as of 11:20 a.m., up 2.5 won from the close of stock trading the previous day.
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