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 >
Asian Equities Traded in the US as American Depositary Receipts Rise Sharply in Friday Trading
Asian Equities Traded in the US as American Depositary Receipts Rise Sharply in Friday Trading
Oct 4, 2024
10:52 AM EDT, 10/04/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were moving sharply higher Friday morning, rising 1.17% to 2,157.49 on the S&P Asia 50 ADR Index. With the rally, the index is poised to end the week up about 1.3%. From North Asia, the gainers were led by consumer lending firm LexinFintech...
Stocks Rise Pre-Bell Ahead of September Jobs Report; Asia, Europe Gain
Stocks Rise Pre-Bell Ahead of September Jobs Report; Asia, Europe Gain
Oct 4, 2024
07:11 AM EDT, 10/04/2024 (MT Newswires) -- US equity markets were pointing higher before the open Friday as traders await the national employment situation report for September. Standard & Poor's 500 increased 0.3%, the Nasdaq added 0.4% and the Dow Jones Industrial Average edged up 0.1% in premarket activity. The majority of Asian exchanges and European bourses were trending upwards....
Oil prices set for 10% weekly rise as Middle East tensions heat up
Oil prices set for 10% weekly rise as Middle East tensions heat up
Oct 4, 2024
LONDON (Reuters) -Oil prices rose sharply on Friday, and were on track for 10% weekly gains as investors weighed the prospect of a wider Middle East conflict disrupting crude flows after President Biden said the US was discussing an Israeli attack on Iranian oil facilities. Brent crude futures were up $1.09, or 1.4%, at $78.71 a barrel, as of 1120...
GLOBAL LNG-Asian spot LNG price flat on weak demand during China holiday
GLOBAL LNG-Asian spot LNG price flat on weak demand during China holiday
Oct 4, 2024
SINGAPORE, Oct 4 (Reuters) - Asian spot liquefied natural gas (LNG) remained flat for a second consecutive week, with buyers staying away at the end of the cooling season and waiting for price levels to fall further. The average LNG price for November delivery into north-east Asia was at $13.10 per million British thermal units (mmBtu), industry sources estimated. Asian...
Copyright 2023-2026 - www.financetom.com All Rights Reserved