Seoul stocks turn higher after weak start ahead of Nvidia earnings
Seoul stocks turned higher after a weak start Wednesday on gains in chipmakers ahead of the earnings release from U.S. chip giant Nvidia. The benchmark Korea Composite Stock Price (KOSPI) was up 61 points, or 0.9 percent, to 6,803.74 as of 9:15 a.m. Overnight, major stocks indexes on Wall Street closed higher on a chip rebound, while a drop in global oil prices and U.S. Treasury yields offered…
Seoul stocks turned higher after a weak start on Wednesday, as chipmakers gained before the earnings release from U.S. chip giant Nvidia. The Korea Composite Stock Price (KOSPI) index rose 61 points, or 0.9%, to 6,803.74 by 9:15 a.m. On Wall Street, major stock indexes closed higher amid a chip rebound, a drop in global oil prices, and U.S. Treasury yields.
The tech-heavy Nasdaq added 0.66%, while the S&P 500 gained 0.32%. Investors are closely watching Nvidia's upcoming earnings, which could impact not just the company's share price but also the valuations of AI-related stocks. Market top caps were mixed, with Samsung Electronics up 2.14%, SK hynix advanced 1.85%, Hyundai Motor slipped 0.24%, battery maker LG Energy Solution dropped 1.29%, and defense firm Hanwha Aerospace fell 3.54%. The Korean won was traded at 1,382.4 won per U.S. dollar, up 0.3 from the previous close.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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