Seoul stocks turned higher Wednesday after a weak start, led by gains in chipmakers ahead of Nvidia’s earnings release. The benchmark KOSPI rose 61 points, or 0.9 percent, to 6,803.74 as of 9:15 a.m. Samsung Electronics and SK hynix advanced, while Hyundai Motor, LG Energy Solution and Hanwha Aerospace fell. The won was trading at 1,382.4 per dollar, up 0.3 won from the previous session.
An electronic board at Hana Bank headquarters in central Seoul shows the benchmark KOSPI indices, Wednesday. Yonhap
Seoul stocks turned higher after a weak start Wednesday on gains in chipmakers ahead of the earnings release from U.S. chip giant Nvidia.
The benchmark Korea Composite Stock Price (KOSPI) was up 61 points, or 0.9 percent, to 6,803.74 as of 9:15 a.m.
Overnight, major stocks indexes on Wall Street closed higher on a chip rebound, while a drop in global oil prices and U.S. Treasury yields offered some sense of relief to investors.
