Korea Composite Stock Price Index Surges Amid Tech Gains

Seoul stocks opened higher on Monday, driven by gains in tech heavyweights like Samsung Electronics and SK hynix. The Korea Composite Stock Price Index rose 64.09 points, or 0.93 percent, to 6,958.32 as of 9:15 a.m.

The positive momentum was attributed to the US semiconductor industry's rally over the weekend, with the Philadelphia Semiconductor Index jumping 2.78 percent and the Nasdaq gaining 0.39 percent.

However, investors remained cautious due to elevated oil prices and persistent geopolitical tensions in the Middle East, with Brent crude trading at around $104.68 a barrel.

The Korean won was trading at 1,386.2 won against the U.S. dollar, down 0.7 won from the close of the previous stock trading session.