Key facts
- Seoul shares opened higher on Monday, July 6.
- The Korea Composite Stock Price Index (KOSPI) rose 2.45 percent to 8,286.73.
- Technology stocks, including Samsung Electronics and SK hynix, led the gains.
- Investors are anticipating second-quarter earnings results.
- The Korean won weakened against the U.S. dollar.
Seoul shares opened higher on Monday, July 6, with the benchmark Korea Composite Stock Price Index (KOSPI) rising 2.45 percent to 8,286.73 as of 9:20 a.m. The advance was driven by gains in technology stocks, with market bellwether Samsung Electronics climbing 2.75 percent and chip giant SK hynix advancing 0.45 percent.
Investors are currently assessing whether the artificial intelligence-driven rally can be sustained and are closely watching upcoming second-quarter earnings results for signs that significant spending on AI infrastructure is translating into profits. Other notable movers included Hyundai Motor, which rose 0.7 percent, and defense firm Hanwha Aerospace, up 1.7 percent. Mirae Asset Securities saw a significant jump of 6.43 percent.
Conversely, leading battery firm LG Energy Solution fell 1.52 percent, and low-cost carrier Air Busan declined 0.19 percent. The Korean won was trading at 1,533.90 against the U.S. dollar, down 8.3 won from the previous session.