Global Market: South Korean stocks pare gains as investors turn cautious ahead of Chuseok break
South Korean shares pared early gains on Wednesday as investors turned cautious ahead of the Chuseok holiday break. The KOSPI rose 0.16%, supported by chipmakers Samsung Electronics and SK Hynix after a US technology rally. However, foreign selling and weakness in automakers and other major stocks limited gains, while the won strengthened.
Key Takeaways
- South Korean shares pared early gains on Wednesday as investors turned cautious ahead of the Chuseok holiday break.
- The KOSPI rose 0.16%, supported by chipmakers Samsung Electronics and SK Hynix after a US technology rally.
- However, foreign selling and weakness in automakers and other major stocks limited gains, while the won strengthened.
South Korean shares pared early gains on Wednesday as investors turned cautious ahead of the Chuseok holiday break. The KOSPI rose 0.16%, supported by chipmakers Samsung Electronics and SK Hynix after a US technology rally. However, foreign selling and weakness in automakers and other major stocks limited gains, while the won strengthened.
Original Publisher Attribution
This summary was curated from Economic Times.