SEOUL — South Korean stocks saw a notable increase Monday morning, with the benchmark Korea Composite Stock Price Index (KOSPI) up by 0.76 percent, driven by foreign investment in large-cap shares.
According to Yonhap News Agency, by 11:20 a.m., the KOSPI had risen by 20.09 points, reaching 2,668.85. The uptick was led by significant gains in the technology sector, with chipmakers like Samsung Electronics and SK hynix witnessing rises of 0.96 percent and 3.2 percent, respectively.
Other major companies also experienced growth, with SK Telecom and KT seeing increases of 1.15 percent and 5.2 percent. Retail giants Shinsegae and Hyundai Department Store reported gains of 0.98 percent and 1.82 percent, contributing to the positive market sentiment.
However, the battery sector faced some challenges, with LG Energy Solution and Samsung SDI experiencing declines of 2.68 percent and 1.85 percent, respectively.
The South Korean won also saw a slight appreciation against the U.S. dollar, trading at 1,333.05 won, up by 2.35 won from the previous session's close.