FX.co ★ South Korean Shares Close Higher on Chip Gains

The benchmark KOSPI advanced 0.73% on Tuesday to close at 6,857, staging a modest recovery from a more than two-month low as heavyweight technology names rebounded. SK Hynix and Samsung Electronics gained 3.74% and 3.63%, respectively, providing key support to the broader index after the previous session’s tech-led selloff.

Additional gainers included HD Hyundai Electric (up 1.52%) and LS Electric Co. (up 1.57%). In contrast, notable decliners were Hyundai Motor (down 4.39%), LG Energy Solution (down 1.98%), KB Financial Group (down 2.74%), and HD Hyundai Heavy Industries (down 4.51%).

Sentiment remained restrained as investors awaited upcoming US inflation data and earnings reports from major chipmakers and leading US technology firms, seeking clearer signals on the outlook for AI-related demand and capital expenditure. Renewed tensions in the Middle East, following a fresh escalation between the US and Iran over the Strait of Hormuz, also contributed to a cautious market tone.