South Korean stocks surged on Monday, reaching their highest level in almost two months thanks to strong performance by major chip makers.
Market Overview
The benchmark KOSPI index climbed 1.58%, ending at 4,195.05 points. This is the best level the market has seen since early November.
Top Gainers
- Samsung Electronics rose 1.88% and hit an all‑time high.
- SK Hynix jumped 5.51%, its strongest gain since mid‑November.
Other Notable Movers
- LG Energy Solution fell 1.83%.
- Hyundai Motor gained 1.57% and Kia Corp rose 0.33%.
- POSCO Holdings added 1.62%.
- Samsung BioLogics was up 0.24%.
Trading Activity
Out of 927 listed stocks, 287 advanced while 606 slipped. Foreign investors were net buyers, purchasing shares worth about 76.3 billion won (roughly $53 million).
Currency and Bond Market
The Korean won traded at 1,434.6 per US dollar, a modest 0.53% gain from the previous close. In the bond market, the three‑year Treasury yield fell to 2.935% and the benchmark 10‑year yield slipped to 3.345%.
Why It Matters
Analysts expect December export data to show strong semiconductor growth, which could keep the rally going into the new year.
Remember, this is perspective, not a prediction. Do your own research and consider your risk tolerance before making any investment decisions.