Seoul shares open higher on tech gains

robot
Abstract generation in progress

Seoul shares opened higher Monday on gains made by technology companies ahead of the release of major companies' second-quarter earnings results.

The benchmark Korea Composite Stock Price Index rose 198.39 points, or 2.45 percent, to 8,286.73 as of 9:20 a.m.

While weighing whether the artificial intelligence-driven rally can be sustained, investors are now eyeing corporate earnings results for signs that massive spending on AI infrastructure is resulting in profits.

In Seoul, tech stocks were lead gainers.

Market bellwether Samsung Electronics rose 2.75 percent, and chip giant SK hynix advanced 0.45 percent.

Top carmaker Hyundai Motor climbed 0.7 percent, defense giant Hanwha Aerospace gained 1.7 percent, and Mirae Asset Securities jumped 6.43 percent.

Among decliners, leading battery firm LG Energy Solution fell 1.52 percent, and low-cost carrier Air Busan declined 0.19 percent.

The Korean won was trading at 1,533.90 won against the US dollar, down 8.3 won from the previous session. (Yonhap)

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned