empty
 
 

20.11.202501:40:14UTC+00South Korean Shares Rise on Tech Rally

The KOSPI index surged by 2.48%, reaching approximately 4,026 on Thursday, as it bounced back strongly from recent declines following Nvidia's latest quarterly earnings announcement. The US chipmaker's report revealed an impressive $57 billion in quarterly revenue, surpassing expectations and bolstering confidence in the enduring strength of the AI investment cycle. The index saw widespread gains, predominantly driven by technology and energy sectors. Noteworthy advances were observed in companies like Samsung Electronics (4.04%), SK Hynix (4%), LG Energy Solution (2.29%), and Doosan Enerbility (5.91%). Market optimism received an additional boost due to news suggesting that the Trump administration might postpone planned semiconductor tariffs, reducing immediate uncertainty in the global chip industry. Although the White House and Commerce Department noted no official change in position, the potential delay, alongside a recent Seoul-Washington agreement ensuring fair tariff conditions for Korean chips, contributed to sustaining positive investor sentiment.

  • 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 April 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


现在无法通话?
提出您的问题,用 在线帮助.
Widget callback