Seoul Shares Reach New Record Highs Driven by Tech Rally
Seoul shares continued their upward trend, opening at a record high above 8,800 and closing at another record, largely fueled by a strong rally in the technology sector, particularly Samsung's performance. This marks a significant period of growth for the South Korean stock market.
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A rally in tech stocks helped the market overcome the drag of higher oil prices and lifted the S&P 500 to a new all-time high and a closing record Monday.
Read full article →Seoul shares again end at record high on Samsung's performance
South Korean stocks closed at a fresh high of above the landmark 8,800-point level Tuesday as tech shares continued to advance on optimism over artificial intelligence, led by chip giant Samsung Electronics, offsetting a market-wide profit-taking mode. The local currency fell sharply against the US dollar. The benchmark Korea Composite Stock Price Index added 13.11 points, or 0.15 percent, to close at 8,801.49. The index opened higher and climbed to a record intraday high of 8,933.62 before reve
By The Korea Herald
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