Seoul shares open sharply higher on tech gains despite heightened Middle East tensions
Top carmaker Hyundai Motor advanced 1.96 percent and defense giant Hanwha Aerospace climbed 1.04 percent
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Summary
Top carmaker Hyundai Motor advanced 1.96 percent and defense giant Hanwha Aerospace climbed 1.04 percent. However, the PHLX semiconductor index rose 3.38 percent on the release of OpenAI's new GPT-6 Astra, which is expected to boost demand for memory chips. Hanmi Semiconductor, a leading chip manufacturing equipment firm, vaulted 5.22 percent, and LG Electronics surged 8.44 percent.
Furthermore, Chip giant Samsung Electronics jumped 4.4 percent, and its rival SK hynix soared 5.89 percent. 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 started sharply higher Monday, driven by gains in tech shares, despite heightened military tensions in the Middle East. Tehran said it targeted three oil tankers using an unauthorized route through the Strait of Hormuz, as well as several US-linked vessels, in retaliation for US attacks on Iranian tankers.
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Top carmaker Hyundai Motor advanced 1.96 percent and defense giant Hanwha Aerospace climbed 1.04 percent.
reliability low1/2 sourcesHowever, the PHLX semiconductor index rose 3.38 percent on the release of OpenAI's new GPT-6 Astra, which is expected to boost demand for memory chips.
reliability low1/2 sourcesHanmi Semiconductor, a leading chip manufacturing equipment firm, vaulted 5.22 percent, and LG Electronics surged 8.44 percent.
reliability low1/2 sourcesChip giant Samsung Electronics jumped 4.4 percent, and its rival SK hynix soared 5.89 percent.
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 started sharply higher Monday, driven by gains in tech shares, despite heightened military tensions in the Middle East.
reliability low1/2 sourcesTehran said it targeted three oil tankers using an unauthorized route through the Strait of Hormuz, as well as several US-linked vessels, in retaliation for US attacks on Iranian tankers.
reliability low1/2 sources
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