Seoul shares surge 3 pct on AI optimism and falling oil prices
Briefing by News4U · First published
KOSPI rose 3.09 percent to 5,638.34 on foreign buying of AI-related stocks and lower oil prices.
Seoul shares closed higher Tuesday, led by gains in technology shares, as renewed optimism over artificial intelligence (AI) and falling oil prices boosted risk appetite, Yonhap Business reported. [1]
The benchmark KOSPI gained 168.87 points, or 3.09 percent, to close at 5,638.34. The Korea Exchange activated a buy-side sidecar at 10:13 a.m., suspending buy orders in program trading for KOSPI-listed shares for five minutes. [1]
Investor sentiment improved after AI startup Anthropic disclosed strong revenue growth in its U.S. IPO filing. Oil prices fell on hopes of easing tensions in the Middle East, following reports of Qatari mediation efforts involving Iran and the United States. [1]
Sources
- (LEAD) Seoul shares surge 3 pct on renewed AI optimism, easing oil prices
Yonhap Business · · Full text