S.Korean Shares Close at 3-1/2-Year High on Ai Rally; Sk Hynix Hits Record High

Korean Won Strengthens against Dollar

South korea benchmark bond yield rises

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Seoul, – Round -up of South Korean Financial Markets:

** South Korean Shares rose on Monday to their Highest Level in 3-1/2 years, as artificial intelligence firms rallied on policy hopes.

** The benchmark kospi ended up 52.04 points, or 1.80%, at 2,946.66, its highhest closing level since January 13, 2022.

** President Lee Jae-Myung, Who Took Office on June 4 and Has Vowed to Boost Investment in Ai, Appointed Ha Jung-Woo, Head of Future Ai Center at Nover, The Country’s Deminant Web Portal Operator, His First Ai Secretary on Sunday.

** AI Chipmaker Sk Hynix Rose 5.31% to a Record Closing High. Cloud Service Provider Samsung SDS Gained 21.7%, its biggest daily jump on record, while peer lg cns added 11.3%.

** Search Engine Naver Rose 4.49%, While Instant Messenger Kakao Gained 3.30%.

** “meaning, geopolitical tension in the middle East will not be over anytime song, but financial markets are no longer expecting its downward pressure pressure to be Hung At Mirae Asset Securities.

** Israel and Iran Launched Fresh Attacks on Sunday, Killing and Wounding Civilians and Raising Concerns of a Broader Regional Conflict, with Militaries Urging Civilians on the opposing side to tax Against further strikes.

** South Korea’s Finance Ministry Said Authorities Delhi Closely Monitor Financial Markets and Deploy Immediate and Bold Measures If VoLITYTYEGHETEED EXCESSIVELY.

** of the Total 937 traded issues, 621 shares advanced, while 280 declined.

** Foreigners were net sellers of shares wort 322.4 billion won.

** the won was quoted at 1,361.0 per dollar on the onshore settlement platform, 0.18% higher than its iTS Previous Close at 1,363.5.

** The Most Liquid Three-Year Korean Treasury Bond Yield Rose by 3.2 Basis Points to 2.488%, While The Benchmark 10-Year Yield Rose by 5.6 Basis Points to 2.876%.

This article was generated from an automated news agency feed without modifications to text.