Seoul Stocks Rise on Strength in Tech and Auto Sectors
SEOUL — The Korea Composite Stock Price Index (KOSPI) closed higher on Monday, driven by substantial gains in the technology and automotive sectors, amidst anticipation of key events in the United States. The index saw an increase of 17.52 points, or 0.64 percent, ending at 2,742.14, a recovery from a drop in the previous trading session.
According to Yonhap News Agency, institutional investors were net buyers, purchasing 397.5 billion won worth of shares, while individual investors and foreigners were net sellers, offloading shares worth 365.6 billion won and 30 billion won, respectively. Analysts highlighted upcoming events such as Nvidia’s earnings report and the Federal Reserve's meeting minutes as focal points for investors. Notably, shares in major companies like Samsung Electronics and Hyundai Motor saw significant increases, contributing to the day's positive performance.