Seoul shares rally over 8% on tech gains after Samsung wage deal, Nvidia outlook; won rises

South Korean stocks spiked more than 8 percent Thursday on tech gains, after Samsung Electronics averted a strike and strong earnings from Nvidia, along with optimism over its robotics business outlook, boosted investor sentiment.

The local currency gained ground against the US dollar.

The benchmark Korea Composite Stock Price Index gained 606.64 points, or 8.42 percent, to close at 7,815.59. after rising as high as 7,819.23.

The index opened sharply higher, tracking overnight gains on Wall Stre