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| ▲ This photo taken Jan. 5, 2026, shows the dealing room of Hana Bank in Seoul. (Yonhap) |
stocks-morning
Seoul shares extend gains late Mon. morning on tech gains
SEOUL, Jan. 5 (Yonhap) -- South Korean stocks extended gains late Monday morning on the back of a rally in semiconductor and other tech stocks.
The benchmark Korea Composite Stock Price Index (KOSPI) added 112 points, or 2.6 percent, to 4,421.63 as of 11:20 a.m.
The KOSPI opened higher to trade at over 4,400 for the first time despite a mixed close on Wall Street.
On Friday (U.S. time), the Dow Jones Industrial Average rose 0.66 percent to 48,382.39 points, while the tech-heavy Nasdaq Composite fell 0.03 percent to 23,235.63.
Foreigners bought a net 872 billion won (US$602 million) worth of local stocks, offsetting institutions' and individuals' selling of 318.16 billion won and 550.9 billion won, respectively.
Tech and auto stocks led the gains.
Market bellwether Samsung Electronics jumped 5.53 percent, while chip giant SK hynix surged 2.58 percent.
Top carmaker Hyundai Motor advanced 2 percent, and its smaller affiliate Kia gained 1.49 percent.
Leading steelmaker POSCO Holdings rose 2.02 percent, and leading shipbuilder HD Hyundai climbed 2.88 percent.
Among decliners, No. 1 shipping firm HMM fell 1.44 percent, and beverage firm Hitejinro declined 0.33 percent.
Leading wireless services provider SK Telecom shed 0.38 percent, and Samyang Foods dropped 1.25 percent.
The local currency was trading at 1,447.55 won against the greenback at 11:20 a.m., down 5.75 won from the previous session.
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