Seoul stocks jump over 5% on chip rally

South Korean stocks surged more than 5 percent Wednesday, on a semiconductor rally boosted by the ongoing US chip giant Nvidia's global artificial intelligence conference. The Korean won strengthened against the US dollar. The benchmark Korea Composite Stock Price Index closed up 284.55 points, or 5.04 percent, to 5,925.03. The index came under strong buying pressure from foreigners and institutional investors, triggering the Korea Exchange, the country's main bourse operator, to issue a buy-sid

By The Korea Herald