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35m ago

KOSPI Extends Morning Gains on Tech Buying After U.S. Rally

A U.S. Google ruling alongside softer labor data strengthened bets on near-term Fed easing.

Financial data is seen inside the dealing room of Hana Bank in Seoul on Sept. 4, 2025. (Yonhap)
Financial data are displayed on screens inside the dealing room of Hana Bank in central Seoul on Sept. 4, 2025. (Yonhap)

Overview

  • The benchmark index rose 0.47% to 3,199.47 by 11:20 a.m. in Seoul after an early 0.45% jump at the open.
  • Wall Street’s tech-led advance followed a federal judge declining to order a Chrome divestiture, sending Alphabet up 9.1%.
  • U.S. job openings fell to a 10‑month low in July, reinforcing expectations for a Federal Reserve rate cut next month.
  • Chip and IT shares led in Seoul, with SK hynix up 2.19% and Naver up 3.05%, while Samsung Electronics edged down 0.43%.
  • The won traded near 1,392 per dollar, slightly firmer on the day, as SK Innovation climbed 2.07% on SK On’s 2 trillion‑won ESS deal and autos slipped on U.S. tariff and strike concerns.