South Korea’s Kospi rose 1.1% to close at 3,164.43 on Thursday, recovering from a multi-day decline as technology and automobile heavyweights led the advance. Samsung Electronics gained 1.9%, Hyundai Motor added 1.5% and battery maker LG Energy Solution climbed 0.9%, offsetting a 2.2% drop in memory-chip producer SK Hynix. The rebound in Seoul reflected a broader uptick in Asian equities. Malaysia’s FTSE Bursa Malaysia KLCI added 0.5% to 1,596.02, its highest level since Feb. 13, amid improved sentiment toward regional growth stocks.
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The Tradesman
🚨 SOUTH KOREAN STOCKS BOUNCE BACK ON TECH, AUTO SURGE KOSPI climbs 0.9% to 3,160 as Seoul stocks rebound from multi-day slump. Gains in Samsung Electronics (+1.9%), Hyundai Motor (+1.5%), and LG Energy Solution (+0.9%) drive recovery. SK Hynix slips 2.2%. Global tech https://t.co/AkQFk6QC2G
First Squawk Malaysia’s benchmark index climbs 0.5% to 1,596.02, highest level since February 13.
Markets News South Korea’s benchmark index rose 1.1%, closing at 3,164.43 points.