Seoul Shares Rebound on Chip Sector Gains
Seoul shares experienced a rebound and turned higher on Monday morning, primarily driven by significant gains in the chip sector. This recovery followed an earlier deep trough in the market.
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Seoul shares rebound from deep trough on chip gains
South Korean stocks closed higher Monday, rebounding from a steep decline the previous session, as investors scooped up major chipmakers, including market heavyweight Samsung Electronics. The local currency gained ground against the greenback. After a choppy trading, the benchmark Korea Composite Stock Price Index gained 22.86 points, or 0.31 percent, to close at 7516.04. Trade volume was moderate at 561.4 million shares worth 43.4 trillion won ($28.9 billion), with losers outnumbering winners 6
By The Korea Herald
Read full article →Seoul shares turn higher late Mon. morning on chip gains - Yonhap News Agency
Seoul shares turn higher late Mon. morning on chip gains Yonhap News Agency
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