Commodities
Seoul Stocks Surge Amid AI Optimism
Seoul's stock market opened on an upward trend Wednesday, despite escalating tensions in the Middle East and rising oil prices.
The KOSPI index extended its gains throughout the morning, reaching a 0.93 percent increase at 7,019.5 by 9:15 am.
Major chipmakers led the way, with Samsung Electronics rising 0.37 percent and SK hynix increasing by 1.78 percent.
The Philadelphia Semiconductor Index also bucked the trend, gaining 1.3 percent on continued optimism for artificial intelligence advancements.