Seoul Stock Market Gains on Institutional and Foreign Investment

SEOUL — The Seoul stock market saw significant gains late Monday morning, driven by substantial buying from institutional and foreign investors, particularly in technology, biotechnology, and other blue-chip sectors. The Korea Composite Stock Price Index (KOSPI) recorded a 1.19 percent increase, rising by 29.44 points to reach 2,508.00 by 11:20 a.m.

According to Yonhap News Agency, key players such as Samsung Electronics and LG Electronics experienced upward movement, with shares increasing by 1.5 percent and 1.39 percent, respectively. The biotechnology sector also saw notable gains, with Samsung Biologics and Celltrion’s stocks jumping by 4.66 percent and 2.09 percent. Additionally, the automobile and energy sectors contributed to the market’s positive performance, with Hyundai Motor and Kia’s shares climbing by 2.51 percent and 3.92 percent, respectively, and SK Innovation’s stock rising by 2.42 percent. The local currency was trading at 1,336.95 won against the U.S. dollar, marking a slight decrease from the previous session's close.

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