empty
 
 

22.06.202601:43:06UTC+00South Korean Shares Set New Record

The benchmark KOSPI jumped nearly 2% to around 9,230 on Monday, erasing the previous session’s losses and setting a new record high, driven primarily by gains in technology stocks. Sentiment was buoyed by data showing South Korea’s exports surged 60.4% year-on-year in the first 20 days of June, with semiconductor shipments nearly tripling on the back of strong global AI-related demand. Confidence in the chip sector was further lifted by reports that LG Group executives are scheduled to meet Nvidia officials this week to explore cooperation in AI and robotics. SK Hynix gained about 4%, SK Square rallied more than 8%, and Samsung Electronics advanced 1.0%. The export-led upswing helped offset worries over renewed tensions in the Middle East and rising oil prices, as investors continued to track US-Iran negotiations and their potential implications for inflation and the Federal Reserve’s policy outlook.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In June we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback