South Korean Shares Extend Gains
The benchmark KOSPI rose 1.76% to close at 5,768 on Monday, extending gains from the previous session amid institutional buying and bargain hunting in large-cap stocks. Institutions bought a net KRW 574.66 billion worth of shares, offsetting selling by foreign investors and retail traders. Samsung Electronics climbed 1.16%, while SK hynix rose modestly by 0.16%. Other notable gainers included LG Energy Solution (6.70%), Hyundai Motor (4.33%), Samsung Biologics (8.71%), Hanwha Aerospace (1.69%), Kia Corporation (4.90%), KB Financial Group (1.75%), and Doosan Enerbility (2.79%). Meanwhile, concerns over AI valuations and the sustainability of infrastructure spending persisted ahead of major US technology earnings reports this week, with Chinese competition in memory chips adding to concerns over the sector's outlook. Additionally, Middle East tensions and attacks on commercial vessels in the Persian Gulf kept oil-supply disruption risks in focus.
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The benchmark KOSPI rose 1.76% to close at 5,768 on Monday, extending gains from the previous session amid institutional buying and bargain hunting in large-cap stocks. Institutions bought a net KRW 574.66 billion worth of shares, offsetting selling by foreign investors and retail traders. Samsung Electronics climbed 1.16%, while SK hynix rose modestly by 0.16%. Other notable gainers included LG Energy Solution (6.70%), Hyundai Motor (4.33%), Samsung Biologics (8.71%), Hanwha Aerospace (1.69%), Kia Corporation (4.90%), KB Financial Group (1.75%), and Doosan Enerbility (2.79%).
Meanwhile, concerns over AI valuations and the sustainability of infrastructure spending persisted ahead of major US technology earnings reports this week, with Chinese competition in memory chips adding to concerns over the sector's outlook. Additionally, Middle East tensions and attacks on commercial vessels in the Persian Gulf kept oil-supply disruption risks in focus.