
Seoul stocks open sharply higher on continued chip rebound
Micron and SanDisk both rose over 10 percent, along with other major memory chip companies
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Summary
Micron and SanDisk both rose over 10 percent, along with other major memory chip companies. Top carmaker Hyundai Motor advanced 8.27 percent, bio firm Celltrion rose 2.51 percent, and portal operator Naver gained 3.21 percent. Chip giant Samsung Electronics rose 5.79 percent, while its industry rival SK hynix spiked 9.15 percent.
Furthermore, Alphabet Inc., the parent company of Google, is set to announce its second-quarter earnings on Wednesday. In Seoul, most market heavyweights were trading higher. "We would have to check big tech earnings results and their artificial intelligence investment plans to see whether this upward momentum will lead to sustained buying," said Seo Sang-yong, an analyst from Mirae Asset Securities.
In addition, An electronic board showing the Korea Composite Stock Price Index at a dealing room of the Hana Bank headquarters in Seoul on Wednesday. (Yonhap) South Korean stocks opened sharply higher Wednesday on semiconductors as investors closely wait for the upcoming earnings release from big tech companies.
Cross-referenced from 2 sources.
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Micron and SanDisk both rose over 10 percent, along with other major memory chip companies.
reliability low1/2 sourcesTop carmaker Hyundai Motor advanced 8.27 percent, bio firm Celltrion rose 2.51 percent, and portal operator Naver gained 3.21 percent.
reliability low1/2 sourcesChip giant Samsung Electronics rose 5.79 percent, while its industry rival SK hynix spiked 9.15 percent.
reliability low1/2 sourcesAlphabet Inc., the parent company of Google, is set to announce its second-quarter earnings on Wednesday.
reliability low1/2 sourcesIn Seoul, most market heavyweights were trading higher.
reliability low1/2 sources"We would have to check big tech earnings results and their artificial intelligence investment plans to see whether this upward momentum will lead to sustained buying," said Seo Sang-yong, an analyst from Mirae Asset Securities.
reliability low1/2 sources
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An electronic board showing the Korea Composite Stock Price Index at a dealing room of the Hana Bank headquarters in Seoul on Wednesday. (Yonhap) South Korean stocks opened sharply higher Wednesday on semiconductors as investors closely wait for the upcoming earnings release from big tech companies.
according to The Korea Herald
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