South Korean shares rise 1.95%, ending three-session losing streak

  • South Korean shares recovered as institutional investors bought major chip stocks.
  • KOSPI gained 133.31 points, or 1.95%, closing at 6,917.35.
  • The Korean won weakened against the US dollar as the index ended three losses.

South Korean shares rebounded on Thursday, with the Korea Composite Stock Price Index gaining 133.31 points, or 1.95%, to close at 6,917.35 and end a three-session losing streak. Institutional investors bought major chip shares, helping the market recover after opening lower as investors weighed persistent pressure from elevated US Treasury yields and other negative factors. The Korean won weakened against the US dollar.

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