S.Korean shares gain 1.5% as chipmakers rally on AI optimism

From Nasdaq:

The KOSPI rose 1.5% on Friday, led by chipmakers and AI demand. The benchmark index was up by 36.52 points, or 1.50%, at 2,476.56. U.S. stocks gains boosted Samsung by 2.9% and SK Hynix by 2.8%. Foreigners were net buyers of shares worth 160.2 billion won on the main board, after five sessions of selling. The won was quoted at 1,334.6 per dollar, 0.38% higher than its previous close at 1,339.7. The currency was down 1.6% for the week. March futures on three-year treasury bonds fell 0.09 point to 104.81. The most liquid three-year Korean treasury bond yield climbed 2.0 basis points to 3.306%, while the benchmark 10-year yield rose 4.2 basis points to 3.423%. ($1 = 1,335.1400 won)



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