FX.co ★ South Korea Shares Extend Gains on Automaker, Tech Boost

The benchmark KOSPI index increased by 0.3% to approximately 3,110 on Wednesday, continuing its upward trend, bolstered by notable advancements in the automaker and technology sectors. Hyundai Motor and Kia shares surged amid positive sentiment regarding global trade conditions and export outlooks, while chipmakers sustained their upward trajectory reflecting robust demand within the tech industry. Additionally, other major players like Samsung Electronics experienced a 0.3% increase, and SK Hynix rose by 2.9%. An improvement in risk sentiment, following a reduction in geopolitical tensions, also boosted investor confidence, supporting a broad influx of equity investments.