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KOSPI Extends Rally as U.S. Shutdown Ends, Tech Stocks Lag

Investor confidence improved following President Trump's signature on a bill that ended the 43-day government stoppage.

Overview

  • Seoul’s benchmark KOSPI closed up 0.49% at 4,170.63, marking a fourth straight gain after the shutdown’s resolution.
  • Foreign investors bought a net 1 trillion won, offsetting selling by institutions and retail traders by the close.
  • Shipbuilding and energy shares led advances, with HD Hyundai Heavy Industries and LG Chem posting strong gains.
  • Technology names underperformed as weakness tied to SoftBank’s sale of its Nvidia stake weighed on sentiment, with Samsung Electronics and SK hynix slipping.
  • The won weakened modestly, finishing near 1,466 per U.S. dollar after trading in the mid‑1,400s through the session.