Business · Markets · 15 hrs ago

South Korea's KOSPI rises more than 1% as chip shares gain

South Korea's KOSPI rises more than 1% as chip shares gain

South Korea's KOSPI stock index rose more than 1% on Nov.

9 as its upward momentum strengthened.

The index had opened lower and was moving around flat early in the session.

Shares in Samsung Electronics and SK Hynix gained 3% to 5%.

Both are major South Korean semiconductor companies.

Their gains came as the broader market advanced, though no reason for the rise was given.

The update did not state the index's closing level or what happened later in the trading day.

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