FX.co ★ South Korean Shares Rise on AI Momentum

The KOSPI benchmark index advanced by 1.5% to about 4,133 on Tuesday, marking gains for the second day in a row. This positive movement was driven by a global rebound spurred by artificial intelligence and a reduction in uncertainties regarding the US government shutdown. Leading the charge were technology stocks, with Samsung Electronics surging 3.9% and SK hynix gaining 3.3%, drawing strong investor interest following the AI-inspired upswing in Wall Street. Additional significant gains were registered by LG Energy Solution, up 3.97%, Naver increasing by 3.1%, SK Square jumping 9.5%, HD Hyundai Electric rising by 2.8%, and Korea Electric Power Corporation climbing 3.9%. These contributions bolstered sectors including technology, energy, investment, and utilities. Furthermore, progress toward resolving the US government shutdown diminished risk concerns, enhancing the market's positive sentiment. Despite these developments, trading volume remained moderate, indicative of selective purchasing amidst persistent foreign selling.