Key facts
- Seoul shares trimmed earlier gains on Thursday morning.
- Retail investors were selling shares.
- Institutional and foreign investors bought chip stocks.
- The KOSPI index rose 2.08 percent.
- The KOSPI index reached 7,397.40 as of 11:20 a.m.
- Investors are concerned about Middle East tensions.
- Investors are concerned about AI demand uncertainty.
Seoul's stock market experienced a reduction in earlier gains by Thursday morning, primarily driven by retail investors selling off their holdings. This trend occurred even as institutional and foreign investors actively bought chip stocks that were available at bargain prices. The main stock market index, KOSPI, recorded an increase of 2.08 percent, reaching 7,397.40 as of 11:20 a.m. local time.