Seoul shares end 2.52% higher on chip rally; Korean won up
In contrast, SK hynix edged down 0.27 percent to 2.18 million won after opening higher.
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Summary
In contrast, SK hynix edged down 0.27 percent to 2.18 million won after opening higher. Institutions purchased a net 1.13 trillion won worth of shares, while individuals and foreigners sold a net 772.82 billion won and 322.56 billion won, respectively. Trade volume was moderate at 449.53 million shares worth 31.16 trillion won ($20.73 billion), with gainers far outnumbering losers 799 to 92.
Furthermore, Semiconductor heavyweight Samsung Electronics went up 2.52 percent to 285,000 won. The company is set to make its debut on the tech-heavy Nasdaq through the listing of its American depositary receipts. "Investor sentiment toward the semiconductor sector improved as Meta's capital spending plans and Micron's investment outlook helped ease concerns about the industry's prospects," said Lee Kyung-min, an analyst at Daeshin Securities.
In addition, Foreign investors turned net sellers after two consecutive sessions of net buying. Investor sentiment improved after US stocks closed higher overnight, supported by a strong rebound in semiconductor shares and easing oil prices.
Cross-referenced from 2 sources.
Factual coreconfirmed by several independent voices
In contrast, SK hynix edged down 0.27 percent to 2.18 million won after opening higher.
reliability low1/2 sourcesInstitutions purchased a net 1.13 trillion won worth of shares, while individuals and foreigners sold a net 772.82 billion won and 322.56 billion won, respectively.
reliability low1/2 sourcesTrade volume was moderate at 449.53 million shares worth 31.16 trillion won ($20.73 billion), with gainers far outnumbering losers 799 to 92.
reliability low1/2 sourcesSemiconductor heavyweight Samsung Electronics went up 2.52 percent to 285,000 won.
reliability low1/2 sourcesThe company is set to make its debut on the tech-heavy Nasdaq through the listing of its American depositary receipts.
reliability low1/2 sources"Investor sentiment toward the semiconductor sector improved as Meta's capital spending plans and Micron's investment outlook helped ease concerns about the industry's prospects," said Lee Kyung-min, an analyst at Daeshin Securities.
reliability low1/2 sourcesForeign investors turned net sellers after two consecutive sessions of net buying.
reliability low1/2 sourcesInvestor sentiment improved after US stocks closed higher overnight, supported by a strong rebound in semiconductor shares and easing oil prices.
reliability low1/2 sources
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