South Korea: Stocks rise; Samsung, SK Hynix climb on hopes of chip output cuts

The Seoul stock market's main KOSPI closed 6.75 points, or 0.33 per cent, higher at 2,058.78.[SEOUL] South Korean shares rose on Wednesday, led by gains in Samsung Electronics and SK Hynix on a report that the two companies planned to cut production of NAND chips amid a supply glut and Japan curbs.Shares of Samsung Electronics and SK Hynix closed up 1 per cent and 4.44 per cent, respectively.

The KOSPI has risen 0.87 per cent so far this year, and gained 0.4 per cent in the previous 30 trading sessions. Trading volume during the session on the KOSPI index was 350.02 million shares and, of the total traded issues of 895, the number of advancing shares was 537.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

South Korea: Stocks fall over 2% on reduced bets on steep US rate cuts[SEOUL] South Korean shares fell over 2 per cent on Monday, the most in two months, as strong US jobs data tempered expectations of aggressive rate cuts by the Federal Reserve, and continued tensions between the world's two largest economies dampened investor sentiment. Read more at The Business Times.
La source: BusinessTimes - 🏆 15. / 51 Lire la suite »

Gibson wants to complete unfinished business with South AfricaOttis Gibson wants to stay on as South Africa coach despite a disappointing World Cup and with his contract coming to an end.
La source: ChannelNewsAsia - 🏆 6. / 66 Lire la suite »