Seoul shares extend gains late Thursday morning on chip rally
Summary
Korean stocks extended gains Thursday morning, led by a rally in big-cap semiconductor shares. The KOSPI rose 4.19 percent to 6,855 as of 11:20 a.m. Samsung Electronics jumped 5.48 percent and SK hynix climbed 7.55 percent. The won traded at 1,415.1 against the U.S. dollar, up 3.4 won from the previous day.
Key Facts
- The benchmark KOSPI was up 275.96 points, or 4.19 percent, to 6,855 at 11:20 a.m.
- Samsung Electronics rose 5.48 percent, while SK hynix gained 7.55 percent.
- SK Square, the parent of SK hynix, surged 8.98 percent and Samsung Electro-Mechanics advanced 12.73 percent.
- The Korean won was trading at 1,415.1 won against the U.S. dollar at 11:20 a.m.
- Overnight, the S&P 500 rose 0.26 percent and the Nasdaq composite gained 0.54 percent, while the Dow Jones Industrial Average edged down 0.04 percent.

Officials work at a dealing room of Hana Bank in Seoul, Thursday. Yonhap
Korean stocks extended gains Thursday morning, led by a rally in big-cap semiconductor shares.
After opening 2.96 percent higher, the benchmark Korea Composite Stock Price Index (KOSPI) rose 275.96 points, or 4.19 percent, to 6,855 as of 11:20 a.m.
Overnight, U.S. stocks tied to the artificial intelligence technology sector rose. The S&P 500 gained 0.26 percent, closing just shy of a record high, while the Nasdaq composite advanced 0.54 percent. In contrast, the Dow Jones Industrial Average edged down 0.04 percent.
In Seoul, blue-chip shares led the advance.
Market bellwether Samsung Electronics rose a sharp 5.48 percent, while its chipmaking rival SK hynix also jumped 7.55 percent.
SK Square, the parent of SK hynix, shot up 8.98 percent, and Samsung Electro-Mechanics, an electronics component affiliate of Samsung Electronics, surged 12.73 percent.
The Korean won was trading at 1,415.1 won against the U.S. dollar as of 11:20 a.m., up 3.4 won from the end of stock trading the previous day.
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