Overview
- South Korea's benchmark index rose 0.5% to 4,107.5, marking a third straight advance after a volatile session.
- The market opened lower after overnight U.S. tech declines, then turned higher once Nvidia detailed its Korea investment plan.
- Nvidia said it plans to deploy up to 260,000 GPUs in South Korea in partnership with the government and major firms including Samsung Electronics and Hyundai Motor to build large-scale AI factories.
- Hyundai Motor jumped 9.43%, Samsung Electronics gained 3.27%, Kia added 3.18%, Naver climbed 4.74%, while SK hynix fell 1.58% and LG Energy Solution lost 2.77%.
- The won strengthened to 1,424.7 per U.S. dollar by late afternoon, and trading showed foreigners, individuals and institutions as net sellers.