Lates News

Foreign media reported that after last week's sell-off, investors returned to AI-related investments, driving the South Korean stock market higher, with heavyweight chip stocks performing particularly strongly. In early trading on Tuesday, South Korea's KOSPI index surged more than 5% at one point, with shares of Samsung Electronics and SK Hynix both rising more than 5%. Previously, comparable U.S. tech stocks had posted significant gains on Monday; although Nvidia (NVDA.O) shares fell, this did not hinder the overall market's rebound momentum. The rebound was also boosted by falling oil prices. U.S. President Trump had previously said there was no need for further strikes on Iran. In addition, AI startup Anthropic released a brand-new AI model on the eve of its highly anticipated Wall Street listing, which also provided support for market sentiment.