Seoul shares spike for 5th straight day on chip rally

South Korean shares ended sharply higher for the fifth straight session Friday as investors snapped up shares of major chipmakers. The Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index rose 164.60 points, or 2.42 percent, to close at 6,977.94 On Wall Street overnight, the Dow Jones Industrial Average rose 0.13 percent, and the tech-heavy Nasdaq Composite climbed 0.81 percent. In Seoul, technology stocks led the advance. Market bellwether Samsung Electronics r

By The Korea Herald