Seoul stocks up late Wed. morning ahead of Nvidia earnings
SEOUL, Aug. 26 (Yonhap) -- Seoul stocks were trading higher late Wednesday morni...
Seoul stocks experienced a slight uptick in late Wednesday morning trading ahead of the upcoming earnings release from tech giant Nvidia. As of 11:21 a.m., the Korea Composite Stock Price Index (KOSPI) was up 51.04 points, or 0.76 percent, to 6,793.78. After opening lower, the index continued to exhibit unpredictable trading patterns as market participants awaited Nvidia's financial results.
Nvidia's earnings are expected to provide crucial insight into the resilience of the burgeoning artificial intelligence (AI) infrastructure boom, which has seen massive global growth. In Seoul, market leaders such as Samsung Electronics and SK hynix saw their top caps fluctuate, with Samsung gaining 0.97 percent and SK hynix rising 1.19 percent.
However, other notable companies saw mixed performance; Hyundai Motor declined 0.36 percent, Hanwha Aerospace dropped 2.63 percent, and battery manufacturer LG Energy Solutions increased 0.14 percent.
The Korean won remained relatively stable against the U.S. dollar, trading at 1,382.3 won per dollar as of 11:21 a.m., a 0.4 won increase from the previous session's closing rate.
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