Seoul shares surge over 8% on AI confidence, Iran-Israel ceasefire; won sharply up
South Korean stocks soared by more than 8 percent Tuesday, sharply rebounding from the over 8 percent plunge the previous session, to reclaim the 8,000-point threshold, as risk-on sentiment prevailed amid a ceasefire between Israel and Iran and confidence over the artificial intelligence boom.
The local currency sharply rose against the US dollar.
The benchmark Korea Composite Stock Price Index added 612.52 points, or 8.18 percent, to close at 8,096.93, after rising as high as 8,119.09.
The Kosp
South Korean Stocks Rebound on AI Confidence
- Seoul shares up over 3% late Tuesday morning on chip rebound Korea Times —
- KOSPI retakes 8,000 mark as chip stocks lead sharp rebound Korea Times —
- Korean Stocks Jump 8% as Chip Shares Rebound After AI Selloff Bloomberg —
- South Korea's Kospi rebounds as chip stocks rally Seeking Alpha —
- AI chip boom fuels Korea's fastest growth in 5 years The Korea Herald —