Seoul stocks gain 1.65% as semiconductor shares lift KOSPI to 7,007.72

  • Seoul stocks rose Monday as investors bought semiconductor shares.
  • KOSPI gained 113.49 points, or 1.65%, to close at 7,007.72.
  • The index extended its winning streak to a third consecutive session.

Seoul stocks advanced Monday as investors bought semiconductor shares, helping the benchmark Korea Composite Stock Price Index rise 113.49 points, or 1.65%, to 7,007.72. The KOSPI extended its gains for a third consecutive session as investor sentiment improved toward artificial intelligence and semiconductor stocks. The Korean won also strengthened against the U.S. dollar, while renewed Middle East tensions and elevated oil prices remained concerns.

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