empty
 
 

21.09.202601:40:12UTC+00South Korean Shares Rally on Chip Gains

The benchmark KOSPI climbed more than 1% to around 6,995 on Monday, advancing for a second consecutive session on the back of strong global semiconductor momentum. The rally was led by Samsung Electronics and SK hynix, which gained nearly 4% and more than 1%, respectively, after US chipmakers advanced sharply, with the Philadelphia Semiconductor Index rising 2.78% on Friday.

Investor sentiment was further supported by robust trade data. South Korea’s exports jumped 78% year-on-year in the first 20 days of September, propelled by a 259% surge in semiconductor shipments to $34.1 billion, underscoring sustained chip demand and a solid earnings outlook for chipmakers.

Among other notable gainers were SK Square (up 4.1%), KB Financial Group (1.1%), Samsung C&T Corp (4.4%), Shinhan Financial Group (2.3%), and Hana Financial Group (1.7%).

At the same time, Brent crude remained above $100 a barrel amid persistent Middle East tensions, keeping inflation risks and broader macroeconomic concerns in focus.

  • 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 $3000 more!
    In September we raffle $3000 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