Latest news with #HaJung-woo
Economic Times
12 hours ago
- Business
- Economic Times
S.Korean shares close at 3-1/2-year high on AI rally; SK Hynix hits record high
South Korean shares rose on Monday to their highest level in 3-1/2 years, as artificial intelligence firms rallied on policy hopes. ADVERTISEMENT ** The benchmark KOSPI ended up 52.04 points, or 1.80%, at 2,946.66, its highest closing level since January 13, 2022. ** President Lee Jae-myung, who took office on June 4 and has vowed to boost investment in AI, appointed Ha Jung-woo, head of Future AI Centre at Naver, the country's dominant web portal operator, as his first AI secretary on Sunday. ** AI chipmaker SK Hynix rose 5.31% to a record closing high. Cloud service provider Samsung SDS gained 21.7%, its biggest daily jump on record, while peer LG CNS added 11.3%. ** Search engine Naver rose 4.49%, while instant messenger Kakao gained 3.30%. ** "Meanwhile, geopolitical tension in the Middle East will not be over anytime soon, but financial markets are no longer expecting its downward pressure to be huge," said Park Kwang-nam, an analyst at Mirae Asset Securities. ADVERTISEMENT ** Israel and Iran launched fresh attacks on Sunday, killing and wounding civilians and raising concerns of a broader regional conflict, with both militaries urging civilians on the opposing side to take precautions against further strikes. ** South Korea's finance ministry said authorities would closely monitor financial markets and deploy immediate and bold measures if volatility heightened excessively. ADVERTISEMENT ** Of the total 937 traded issues, 621 shares advanced, while 280 declined. ** Foreigners were net sellers of shares worth 322.4 billion won ($236.88 million). ADVERTISEMENT ** The won was quoted at 1,361.0 per dollar on the onshore settlement platform, 0.18% higher than its previous close at 1,363.5. ** The most liquid three-year Korean treasury bond yield rose by 3.2 basis points to 2.488%, while the benchmark 10-year yield rose by 5.6 basis points to 2.876%. ($1 = 1,361.0300 won) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
12 hours ago
- Business
- Time of India
S.Korean shares close at 3-1/2-year high on AI rally; SK Hynix hits record high
South Korean shares rose on Monday to their highest level in 3-1/2 years, as artificial intelligence firms rallied on policy hopes. ** The benchmark KOSPI ended up 52.04 points, or 1.80%, at 2,946.66, its highest closing level since January 13, 2022. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo ** President Lee Jae-myung, who took office on June 4 and has vowed to boost investment in AI, appointed Ha Jung-woo, head of Future AI Centre at Naver, the country's dominant web portal operator, as his first AI secretary on Sunday. ** AI chipmaker SK Hynix rose 5.31% to a record closing high. Cloud service provider Samsung SDS gained 21.7%, its biggest daily jump on record, while peer LG CNS added 11.3%. ** Search engine Naver rose 4.49%, while instant messenger Kakao gained 3.30%. Live Events ** "Meanwhile, geopolitical tension in the Middle East will not be over anytime soon, but financial markets are no longer expecting its downward pressure to be huge," said Park Kwang-nam, an analyst at Mirae Asset Securities. ** Israel and Iran launched fresh attacks on Sunday, killing and wounding civilians and raising concerns of a broader regional conflict, with both militaries urging civilians on the opposing side to take precautions against further strikes. ** South Korea's finance ministry said authorities would closely monitor financial markets and deploy immediate and bold measures if volatility heightened excessively. ** Of the total 937 traded issues, 621 shares advanced, while 280 declined. ** Foreigners were net sellers of shares worth 322.4 billion won ($236.88 million). ** The won was quoted at 1,361.0 per dollar on the onshore settlement platform, 0.18% higher than its previous close at 1,363.5. ** The most liquid three-year Korean treasury bond yield rose by 3.2 basis points to 2.488%, while the benchmark 10-year yield rose by 5.6 basis points to 2.876%. ($1 = 1,361.0300 won)
Mint
12 hours ago
- Business
- Mint
S.Korean shares close at 3-1/2-year high on AI rally; SK Hynix hits record high
KOSPI rises, foreigners net sellers Korean won strengthens against dollar South Korea benchmark bond yield rises For the midday report, please click SEOUL, - Round-up of South Korean financial markets: ** South Korean shares rose on Monday to their highest level in 3-1/2 years, as artificial intelligence firms rallied on policy hopes. ** The benchmark KOSPI ended up 52.04 points, or 1.80%, at 2,946.66, its highest closing level since January 13, 2022. ** President Lee Jae-myung, who took office on June 4 and has vowed to boost investment in AI, appointed Ha Jung-woo, head of Future AI Centre at Naver, the country's dominant web portal operator, as his first AI secretary on Sunday. ** AI chipmaker SK Hynix rose 5.31% to a record closing high. Cloud service provider Samsung SDS gained 21.7%, its biggest daily jump on record, while peer LG CNS added 11.3%. ** Search engine Naver rose 4.49%, while instant messenger Kakao gained 3.30%. ** "Meanwhile, geopolitical tension in the Middle East will not be over anytime soon, but financial markets are no longer expecting its downward pressure to be huge," said Park Kwang-nam, an analyst at Mirae Asset Securities. ** Israel and Iran launched fresh attacks on Sunday, killing and wounding civilians and raising concerns of a broader regional conflict, with both militaries urging civilians on the opposing side to take precautions against further strikes. ** South Korea's finance ministry said authorities would closely monitor financial markets and deploy immediate and bold measures if volatility heightened excessively. ** Of the total 937 traded issues, 621 shares advanced, while 280 declined. ** Foreigners were net sellers of shares worth 322.4 billion won . ** The won was quoted at 1,361.0 per dollar on the onshore settlement platform, 0.18% higher than its previous close at 1,363.5. ** The most liquid three-year Korean treasury bond yield rose by 3.2 basis points to 2.488%, while the benchmark 10-year yield rose by 5.6 basis points to 2.876%. This article was generated from an automated news agency feed without modifications to text.
