Stocks close nearly 1% higher on chip gains ahead of Nvidia earnings release
Industry leader Hyundai Motor fell 3.09 percent to 408,000 won, and defense giant Hanwha Aerospace slid 1.36 percent to 1,087,000 won, while major financial…
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Summary
Industry leader Hyundai Motor fell 3.09 percent to 408,000 won, and defense giant Hanwha Aerospace slid 1.36 percent to 1,087,000 won, while major financial firm KB Financial inched up 0.12 percent to 166,600 won. Top-cap Samsung Electronics added 1.75 percent to 261,500 won, while its industry rival SK hynix inched up 0.6 percent to 1,688,000 won. Trade volume was moderate at 323.3 million shares worth 22.38 trillion won ($16.15 billion).
Furthermore, Foreign and retail investors were net sellers, offloading a combined 2.36 trillion won. An electronic board showing the Korea Composite Stock Price Index at a dealing room of the Hana Bank headquarters in Seoul on Wednesday. (Yonhap) Seoul stocks closed nearly 1 percent higher Wednesday, boosted by stock repurchases from the country's chip giants and easing external conditions, while investors wait for the earnings release from Nvidia. Winners outnumbered losers 584 to 273.
In addition, "The KOSPI has recovered above the 6,800 mark, supported by stock repurchases, while a drop in global oil prices and US Treasury yields helped boost investor sentiment," Lee Kyoung-min, an analyst at Daishin Securities, said. Chip giant SK hynix has been carrying out a stock buyback of around 650,000 shares since last Thursday, along with Samsung Electronics this week.
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Industry leader Hyundai Motor fell 3.09 percent to 408,000 won, and defense giant Hanwha Aerospace slid 1.36 percent to 1,087,000 won, while major financial firm KB Financial inched up 0.12 percent to 166,600 won.
reliability low1/2 sourcesTop-cap Samsung Electronics added 1.75 percent to 261,500 won, while its industry rival SK hynix inched up 0.6 percent to 1,688,000 won.
reliability low1/2 sourcesTrade volume was moderate at 323.3 million shares worth 22.38 trillion won ($16.15 billion).
reliability low1/2 sourcesForeign and retail investors were net sellers, offloading a combined 2.36 trillion won.
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 Wednesday. (Yonhap) Seoul stocks closed nearly 1 percent higher Wednesday, boosted by stock repurchases from the country's chip giants and easing external conditions, while investors wait for the earnings release from Nvidia.
reliability low1/2 sourcesWinners outnumbered losers 584 to 273.
reliability low1/2 sources"The KOSPI has recovered above the 6,800 mark, supported by stock repurchases, while a drop in global oil prices and US Treasury yields helped boost investor sentiment," Lee Kyoung-min, an analyst at Daishin Securities, said.
reliability low1/2 sourcesChip giant SK hynix has been carrying out a stock buyback of around 650,000 shares since last Thursday, along with Samsung Electronics this week.
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