South Korea’s KOSPI rises sharply at the start of trading on Wednesday, gaining about 4.1% after a steep sell-off the previous day. According to market reports, the index climbs more than 330 points almost immediately after trading begins, effectively recouping a large portion of losses from a near 10% drop a day earlier. The KOSPI is reported around 8,550.21 shortly after the open. Shares of major chipmakers lead the rebound. SK Hynix is up roughly 5%, while Samsung Electronics, a widely followed bellwether, jumps more than 9% at the start of the session. The surge reflects a broad recovery in semiconductor-linked stocks following the prior day’s decline. Both outlets describe the move as rapid, occurring within moments of the market open, and they tie the gains primarily to strength in chip-related equities.
South Korea KOSPI jumps 4.1% as chip stocks rebound
South Korea’s KOSPI rises sharply at the start of trading on Wednesday, gaining about 4.1% after a steep sell-off the previous day. According to market reports, the index climbs more than 330 points a...
- The KOSPI gains about 4.1% shortly after the market opens on Wednesday.
- The index recoups a substantial portion of losses from a nearly 10% drop the previous day.
- The KOSPI is around 8,550.21 in early trading.
- SK Hynix rises about 5% at the start of the session.
- Samsung Electronics jumps more than 9% as chip stocks recover.
The KOSPI gained more than 330 points to 8,550.21 only moments after trading began at 0000 GMT, with SK Hynix gaining 5% and market bellwether Samsung Electronics jumping more than 9%.
2 months agoThe KOSPI gained more than 330 points moments after trading began on Wednesday (Jun 24), instantly recouping a massive chunk of the losses from a nearly 10 per cent plunge a day earlier.
2 months ago
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