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South Korean shares hit record high on chip, auto rally

* KOSPI rises, foreigners net buyers * Korean won weakens against dollar * South Korea benchmark bond yield falls SEOUL, - Round-up of South Korean financial markets: ** South Korean shares climbed to a record peak on Wednesday, extending gains to a fourth straight session, as chipmakers rallied on artificial intelligence optimism and Hyundai Motor led automakers higher. ** The benchmark KOSPI was up 34.26 points, or 0.76%, at 4,559.74, as of 0153 GMT, marking its highest level on record. ** Samsung Electronics rose 2.16% and SK Hynix gained 3.72%, with both chipmakers hitting all-time highs, following a rally in U. S.

South Korean shares hit record high on chip, auto rally

Credit: Livemint

Key Highlights

  • peers.
  • ** The Philadelphia Semiconductor Index rose 2.8% on Tuesday to a record high, as U. S.
  • chipmaker Micron Technology jumped 10%.
  • ** Samsung Electronics is due to report its fourth-quarter results on Thursday.
  • ** Hyundai Motor surged 11.69% to a record high, after media reports of its Executive Chair Euisun Chung meeting Nvidia CEO Jensen Huang at a U. S.
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Sources

  1. South Korean shares hit record high on chip, auto rally

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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