South Korean stocks continued to rise for the fourth consecutive day, driven by gains in technology and automotive sectors. The benchmark Korea Composite Stock Price Index increased by 1.3 percent, reaching 2,667.07 points. Foreign investors and institutions purchased a significant amount of shares, while retail investors sold off some shares. Major US stock indexes also performed well due to positive corporate earnings and optimism about the US economy. In Seoul, most large-cap stocks saw gains, except for battery shares. Market leaders such as Samsung Electronics, SK hynix, LG Chem, and bio companies like Samsung Biologics and Celltrion experienced increases. Auto stocks, like Hyundai Motor and Kia, also performed well. IT stocks, including Naver and Kakao, benefited from the overall gains in the US tech sector. However, battery shares like LG Energy Solution and Posco Holdings faced losses. Posco International also saw a significant decline after the Korea Exchange issued an investment caution for the stock. The Korean won fell against the US dollar, ending at 1,283.80 won.

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By hassani

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