South Korean Stocks See Reduced Decline, Boosted by Gains in Chip and Auto Sectors
1 week ago / Read about 0 minute
Author:小编   

On January 21st, during Wednesday's morning trading session, the downturn in the South Korean stock market exhibited signs of easing. Chip manufacturers experienced an upswing, buoyed by encouraging export figures, while automakers witnessed a surge in their share prices, driven by optimistic outlooks for robotics technology. Data revealed that South Korea's exports in the initial 20 days of January recorded a 14.9% year-on-year increase, with semiconductor exports soaring by 70%. This positive trend propelled Samsung Electronics' stock up by as much as 3%, and SK Hynix's shares saw a 1% rise. Hyundai Motor's share price soared by 9%, hitting an all-time high, bouncing back from a dip on Tuesday that was attributed to profit-taking activities. Nevertheless, the majority of index-heavy stocks, including battery producers, pharmaceutical firms, and e-commerce companies, continued to experience declines.