A display screen on the dealing room of Woori Financial institution reveals the benchmark Korea Composite Inventory Value Index, or KOSPI, closing at an all-time excessive of 4,840.74 factors, Seoul, Jan. 16. Yonhap
Korean shares had been buying and selling sharply increased late Monday morning, on tempo to increase their successful streak to a twelfth consecutive session.
The benchmark Korea Composite Inventory Value Index (KOSPI) rose 45.78 factors, or 0.95 %, to 4,886.52 as of 11:20 a.m.
After uneven buying and selling, the KOSPI gathered floor within the late morning hours, boosted by positive aspects from auto, shipbuilding and semiconductors.
On Friday (native time), main U.S. inventory indexes ended decrease, as buyers reacted to fourth-quarter earnings outcomes from U.S. corporations. The S&P500 and the tech-heavy Nasdaq each slid 0.06 %.
Traders are additionally on edge over renewed commerce tensions, following U.S. President Donald Trump’s menace to impose an extra 10 % tariff on eight European nations which have opposed his plans to amass Greenland.
In Seoul, large-cap shares had been buying and selling blended.
Market top-cap Samsung Electronics rose 0.13 %, whereas its chipmaking rival SK hynix added 1.98 %.
Auto shares gathered floor, with high automotive market Hyundai Motor leaping 12.59 % and its sister Kia advancing 6.68 %.
In distinction, bio, monetary and IT shares had been in adverse territory.
KB Monetary Group dipped 1.15 %, Celltrion inched down 1.2 %, and portal operator Naver shed 2.44 %.
The native foreign money was quoted at 1,475 received in opposition to the U.S. greenback, down 1.4 received from the earlier session’s shut.
