Seoul shares end tad higher, snapping 2-day losing streak
Semiconductor heavyweight Samsung Electronics surrendered 0.43 percent to 230,000 won after opening higher, while its rival SK hynix also edged down 0.14…
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Summary
Semiconductor heavyweight Samsung Electronics surrendered 0.43 percent to 230,000 won after opening higher, while its rival SK hynix also edged down 0.14 percent to 1.42 million won after also starting in positive territory. The index opened 0.76 percent higher and surged as much as 2.16 percent in early trading before paring some of its gains. An electronic board showing the Korea Composite Stock Price Index at a dealing room of the Hana Bank headquarters in Seoul on Monday. (Yonhap) South Korean stocks ended modestly higher Monday, snapping a two-day losing streak, as investors bought major chip-related shares on bargain hunting after Wall Street extended its record-setting rally.
Furthermore, Trade volume was moderate at 629.9 million shares worth 29.09 trillion won ($20.51 billion), with gainers far outnumbering losers 695 to 183. In contrast, LG Energy Solution gained 2.08 percent to 367,500 won, and No. 1 automaker Hyundai Motor went up 3.16 percent to 408,000 won. "Large-cap semiconductor stocks came under pressure following reports that Apple is considering adopting memory chips from Chinese chipmaker CXMT, but bargain hunters moved into semiconductor equipment and materials stocks," said Lee Kyung-min, an analyst at Daishin Securities.
In addition, The tech-heavy Nasdaq Composite Index increased 1.3 percent.
Cross-referenced from 2 sources.
Factual coreconfirmed by several independent voices
Semiconductor heavyweight Samsung Electronics surrendered 0.43 percent to 230,000 won after opening higher, while its rival SK hynix also edged down 0.14 percent to 1.42 million won after also starting in positive territory.
reliability low1/2 sourcesThe index opened 0.76 percent higher and surged as much as 2.16 percent in early trading before paring some of its gains.
reliability low1/2 sourcesAn electronic board showing the Korea Composite Stock Price Index at a dealing room of the Hana Bank headquarters in Seoul on Monday. (Yonhap) South Korean stocks ended modestly higher Monday, snapping a two-day losing streak, as investors bought major chip-related shares on bargain hunting after Wall Street extended its record-setting rally.
reliability low1/2 sourcesTrade volume was moderate at 629.9 million shares worth 29.09 trillion won ($20.51 billion), with gainers far outnumbering losers 695 to 183.
reliability low1/2 sourcesIn contrast, LG Energy Solution gained 2.08 percent to 367,500 won, and No. 1 automaker Hyundai Motor went up 3.16 percent to 408,000 won.
reliability low1/2 sources"Large-cap semiconductor stocks came under pressure following reports that Apple is considering adopting memory chips from Chinese chipmaker CXMT, but bargain hunters moved into semiconductor equipment and materials stocks," said Lee Kyung-min, an analyst at Daishin Securities.
reliability low1/2 sourcesThe tech-heavy Nasdaq Composite Index increased 1.3 percent.
reliability low1/2 sources
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