Overview
- South Korea’s benchmark rose 28.58 points to 3,881.84 in the first 15 minutes of Monday’s session and reached 3,896.12 by 11:20 a.m. local time.
- Semiconductor heavyweights outperformed, with Samsung Electronics up about 3.9% and SK hynix up roughly 3.3% in late morning trade.
- Buying interest followed a sharp selloff in the previous session that was linked by local reports to concerns over an AI-driven bubble.
- U.S. equities closed higher after New York Fed President John Williams suggested rate cuts could still come this year, bolstering risk sentiment in Seoul.
- The Korean won strengthened slightly to around 1,470–1,473 per U.S. dollar, reflecting an improvement in broader market tone.