financetom
World
financetom
/
World
/
South Korean stocks gain after Nvidia hits record high overnight
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
South Korean stocks gain after Nvidia hits record high overnight
Jan 6, 2025 7:10 PM

*

KOSPI rises, foreigners net buyers

*

Korean won strengthens against US dollar

*

South Korea benchmark bond yield falls

SEOUL, Jan 7 (Reuters) - Round-up of South Korean

financial markets:

** South Korean shares rose on Tuesday, helped by gains in

chip and IT shares after Nvidia ( NVDA ) hit a record high ahead of a

speech by chief executive Jensen Huang.

** The blue-chip KOSPI added 25.54 points, or 1.03%,

at 2,514.36 as of 02:15 GMT. The won strengthened, while the

benchmark bond yield fell.

** Many of South Korea's chipmakers are involved in the

supply of high bandwith memory (HBM) chips for Nvidia's ( NVDA ) AI

processors.

** Among index heavyweights, chipmaker Samsung Electronics ( SSNLF )

rose 0.89%. Battery maker LG Energy Solution

climbed 2.07%.

** Hyundai added 0.24%, while sister automaker

Kia lost 0.60%. Search engine Naver and

instant messenger Kakao advanced 0.48% and 0.26%,

respectively.

** On Wall Street, the S&P 500 and the Nasdaq Composite hit

more than one-week highs overnight. Nvidia ( NVDA ) surged

3.43%.

** Nvidia's ( NVDA ) Chief Executive Jensen Huang will deliver the

opening keynote speech at CES later on Monday and likely unveil

new videogame chips and detail efforts to parlay the company's

success in artificial intelligence (AI) into other markets

outside of the data center.

** Of the total 941 traded issues, 550 advanced and 305

declined.

** Foreigners net bought shares worth 107 billion won

($73.6 million) on the main board on Tuesday.

** The won was quoted at 1,453.1 per U.S. dollar on the

onshore settlement platform, 0.47% higher than

Monday's close of 1,460.0.

** The KOSPI has risen 4.79% so far this year, gaining 0.3%

in the last 30 sessions.

** The won has gained 1.3% against the dollar year-to-date.

** In money and debt markets, March futures on three-year

treasury bonds rose 0.09 point to 106.87.

** The most liquid three-year Korean treasury bond yield

rose by 2.2 basis points to 2.511%, while the

benchmark 10-year yield fell by 2.3 basis points to

2.805%.

($1 = 1,454.0000 won)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
CANADA STOCKS-Toronto stocks fall as tech selloff counters BoC rate cut
CANADA STOCKS-Toronto stocks fall as tech selloff counters BoC rate cut
Jul 24, 2024
* TSX ends down 0.8% at 22,639.57 * Tech sector declines 2.2% * BoC cuts policy rate to 4.50% * Bausch Health ( BHC ) tumbles 23.1% (Updates at market close) By Fergal Smith July 24 (Reuters) - Canada's main stock index fell to a near two-week low on Wednesday as pressure on high-flying technology shares outweighed support for the...
GLOBAL MARKETS-Stocks dragged down by megacap tech, oil edges higher
GLOBAL MARKETS-Stocks dragged down by megacap tech, oil edges higher
Jul 24, 2024
* Wall Street stocks dip * Benchmark 10-year yields edge higher * Europe's STOXX close down 0.61% * Gold pare gains, dollar index weakens * Oil prices settle higher (Updates with U.S. markets close, oil settlement) By Lawrence White and Chibuike Oguh LONDON/NEW YORK, July 24 (Reuters) - Stocks sagged worldwide on Wednesday as earnings from Tesla and European luxury...
MORNING BID ASIA-A megacap tsunami coming your way
MORNING BID ASIA-A megacap tsunami coming your way
Jul 24, 2024
July 25 (Reuters) - A look at the day ahead in Asian markets by Alden Bentley in New York Brace for fallout from a megacap-led wipe out. A rethink of the earnings picture for hyped up AI and Magnificent seven stocks turned a run on Alphabet and Tesla into a Wall Street rout. Combine that with concerns about Chinese and...
Morning Bid: A megacap tsunami coming your way
Morning Bid: A megacap tsunami coming your way
Jul 24, 2024
(Reuters) - A look at the day ahead in Asian markets by Alden Bentley in New York Brace for fallout from a megacap-led wipe out. A rethink of the earnings picture for hyped up AI and Magnificent seven stocks turned a run on Alphabet and Tesla into a Wall Street rout. Combine that with concerns about Chinese and global growth...
Copyright 2023-2026 - www.financetom.com All Rights Reserved