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South Korean shares surge on US rally, strong GDP
SEOUL: Round-up of South Korean financial markets: South Korean shares rose more than 4% on Tuesday, led by gains in chipmakers on a rally in US AI stocks and strong economic growth data. The benchmark KOSPI was up 240.38 points, or 4.39%, at 5,709.85, as of 0153 GMT. US stocks closed higher on Monday, with the Philadelphia Semiconductor Index rising more than 2%, as Anthropic’s IPO filing helped boost sentiment in AI-related stocks. South Korea’s economy grew faster than expected in the third quarter as a global AI chip boom boosted exports and investments, advance central bank estimates show...
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