Korean stocks traded higher late Friday morning, tracking overnight gains on Wall Street, as investors took a breather following the previous session’s sharp gains. The benchmark Korea Composite Stock Price Index (KOSPI) went up 33.27 points, or 0.43 percent, to 7,848.86 as of 11:20 a.m. On Thursday, the KOSPI spiked more than 8 percent on tech gains. Overnight, U.S. stocks advanced after Iran said the latest proposal from the U.S. partly bridged the gap between the warring sides, raising hopes that the three-month war may end soon with a peace deal. In Seoul, large-cap shares were trading mixed, while foreigners extended their sell-offs to a 12th consecutive session. Semiconductor heavyweights Samsung Electronics and SK hynix fell 1.75 percent and 0.05 percent, respectively, following the previous day’s sharp gains. Automobile shares were also among the losers. Top automaker Hyundai Motor shed 1.8 percent, and its smaller affiliate Kia declined 1.61 percent. Artificial intelligence (AI) investment firm SK Square remained unchanged. In contrast, Samsung Electro-Mechanics, the electronic comp
Seoul stocks up late Friday morning after previous session’s rally
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Latest Entertainment from Korea
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Learn People & History of Korea
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