South Korean Shares Close 3.09% Higher at 5,638.34
The KOSPI rose 168.87 points on Tuesday, after gaining as much as 4.9% intraday. The rally followed gains in U.S. AI stocks and robust domestic GDP data.
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07:14:14 AM UTC
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Memory stocks rose after Anthropic’s IPO filing, with gains spreading to Asian markets as investors weighed the AI company’s surging revenue and compute commitments alongside its large losses.Micron (MU) stock rose 1% in overnight trading ahead of Tuesday, while Seoul shares of SK Hynix and Samsung…
Round-up of South Korean financial markets:** South Korean shares closed more than 3% higher on Tuesday, as chipmakers jumped on a rally in US AI stocks and robust domestic GDP data.** The benchmark KOSPI KRX:KOSPI closed up 168.87 points, or 3.09%, at 5,638.34, after rising as much as 4.9% during…