South Korean Shares See Choppy Trading
The benchmark KOSPI saw choppy trading on Monday, swinging between gains and losses before falling 0.28% to 1,360 as investors weighed broader gains across Asian markets against lingering concerns surrounding technology stocks. Asian equities opened higher following Friday’s gains on Wall Street, although advances were tempered by uncertainty surrounding Nvidia Corp. after the company launched a probe into allegations that CEO Jensen Huang was targeted by Chinese spies. Investors also remained cautious ahead of further signals from the Federal Reserve on the outlook for US monetary policy. Meanwhile, easing geopolitical concerns supported sentiment as Brent crude fell 0.4% to USD 97.90 a barrel after Trump signaled further strikes on Iran were unlikely. Among index heavyweights, Samsung Electronics (1.96%), SK Hynix (2.65%), and Samsung Biologics (1.19%) advanced, while LG Energy Solution (-1.93%) and Hyundai Motor (-1.43%) declined.
The benchmark KOSPI saw choppy trading on Monday, swinging between gains and losses before falling 0.28% to 1,360 as investors weighed broader gains across Asian markets against lingering concerns surrounding technology stocks. Asian equities opened higher following Friday’s gains on Wall Street, although advances were tempered by uncertainty surrounding Nvidia Corp. after the company launched a probe into allegations that CEO Jensen Huang was targeted by Chinese spies. Investors also remained cautious ahead of further signals from the Federal Reserve on the outlook for US monetary policy.
Meanwhile, easing geopolitical concerns supported sentiment as Brent crude fell 0.4% to USD 97.90 a barrel after Trump signaled further strikes on Iran were unlikely. Among index heavyweights, Samsung Electronics (1.96%), SK Hynix (2.65%), and Samsung Biologics (1.19%) advanced, while LG Energy Solution (-1.93%) and Hyundai Motor (-1.43%) declined.