South Korean stocks surge as KOSPI jumps over 5 percent on U.S. tech rally

Briefing by News4U · First published

South Korean stocks opened sharply higher Tuesday, with the KOSPI gaining 275.50 points, or 5.49 percent, to 5,294.35 as of 9:15 a.m., driven by overnight Wall Street gains on eased Middle East tensions and falling oil prices. The Korea Exchange activated a buy-side sidecar at 9:06 a.m., suspending program trading for five minutes after the KOSPI 200 Futures Index rose more than 5 percent. Samsung Electronics rose 5.85 percent and SK hynix climbed 8.63 percent. [1] [2] [3]

Sources

  1. South Korean Stocks Jump as Chipmakers Roar Back on Dip Buying

    Bloomberg · · Summary only

  2. KRX activates buy-side sidecar for KOSPI on sharp rise

    Yonhap Business · · Full text

  3. (LEAD) Seoul shares open sharply higher on U.S. tech rally, falling oil prices

    Yonhap Business · · Full text

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