Seoul shares closed higher on Thursday, lifted by gains in semiconductors and other large-cap tech stocks after Nvidia’s strong quarterly earnings helped ease concerns about a potential artificial intelligence(AI) bubble.
The benchmark Korea Composite Stock Price Index rose 75-point-34 points, or one-point-92 percent, to close at four-thousand-four-point-85.
Trading volume was moderate, with three-hundred-55-point-eight million shares changing hands at a value of 14-point-nine trillion won, or ten-point-14 billion U.S. dollars. Advancers outnumbered decliners 749 to 141.
Nvidia’s strong third-quarter earnings lifted investor confidence, fueling optimism for renewed momentum in the AI-driven market.
Samsung Electronics jumped four-point-25 percent, while SK hynix gained one-point-six percent.
LG Energy Solution rose zero-point-eight percent, and Doosan Enerbility surged four-point-44 percent.
Shipbuilders HD Hyundai Heavy climbed one-point-57 percent, and Hanwha Ocean added one-point-63 percent.
Defense giant Hanwha Aerospace advanced one-point-22 percent, and the state-run Korea Electric Power Corporation soared three-point-six percent.
The tech-heavy KOSDAQ gained 20-point-62 points, or two-point-37 percent, to close at 891-point-94.
The South Korean won weakened against the U.S. dollar by two-point-three won, trading at one-thousand-467-point-nine won as of 3:30 p.m.