SK Hynix shares rise 5.2% as KOSPI index climbs 3.1%
South Korea's KOSPI index closed up 3.09% on Tuesday, driven by gains in major tech firms like SK Hynix and Samsung Electronics, while foreign investors became net buyers of local stocks.
Key points
- The KOSPI index closed up 168.87 points, or 3.09%, at 5,638.34 on Tuesday.
- SK Hynix shares gained 5.18% to 1,341,000 won, leading the market rally.
- Samsung Electronics added 4.23% to 222,000 won, while SK Square rose about 7%.
- Foreign investors purchased a net 835.9 billion won of KOSPI shares.
- Electrical and electronics stocks rose about 4%, while pharmaceutical stocks fell about 3%.
South Korean stocks rose more than 3% on Tuesday, with the benchmark KOSPI closing up 168.87 points, or 3.09%, at 5,638.34.
SK Hynix led the rally, gaining 5.18% to 1,341,000 won, while Samsung Electronics added 4.23% to 222,000 won.
SK Square, the largest shareholder of SK Hynix, rose about 7%, and Samsung Electro‑Mechanics also increased about 7%.
By sector, electrical and electronics stocks and medical precision instruments rose about 4%, while pharmaceutical stocks fell about 3%.
Foreign investors turned net buyers, purchasing a net 835.9 billion won ($631 million) of KOSPI shares, and institutions bought a net 418.5 billion won.
Your questions, answered
How much did SK Hynix shares rise on Tuesday?
SK Hynix shares gained 5.18% to 1,341,000 won on Tuesday.
What was the closing value of the KOSPI index?
The KOSPI index closed at 5,638.34, up 3.09% from the previous day.
Did foreign investors buy or sell South Korean stocks?
Foreign investors turned net buyers, purchasing a net 835.9 billion won of KOSPI shares.
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