A stock ticker at Hana Bank headquarters in central Seoul shows the KOSPI and the won-dollar exchange rate, Wednesday. Yonhap
Seoul shares extended gains late Wednesday morning as easing concerns over artificial intelligence (AI) profitability and hopes for an interim agreement between the United States and Iran over the Strait of Hormuz lifted investor sentiment.
After opening 3.85 percent higher, the benchmark Korea Composite Stock Price Index (KOSPI) traded up 249.33 points, or 3.92 percent, to 6,608.28 as of 11:20 a.m.
The index rose 1.62 percent Tuesday after plunging 5.12 percent the previous day.
The Korea Exchange (KRX) activated a buy-side sidecar for the KOSPI for five minutes at 9:25 a.m. after the index surged on gains in technology stocks.
