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South Korea's KOSPI index rose 4.66% to 5,724 on Monday, driven by foreign investors who bought 916 billion won of shares, particularly in memory chipmakers. SK Hynix led the gains, climbing 7.76% to 1,374,000 won ahead of its earnings report. The surge marked the seventh instance in 12 trading days of the index moving more than 3%, triggering a five-minute suspension of program buying.
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Key sources
- SUPPORT@milkroadai“The index jumped as much as 4.66% to 5,724 this morning, and KOSPI 200 futures held a 5% gain for more than a minute, which froze program buying for 5 minutes.”x.com
- SOURCE@bulltheoryio“Over ₩238 TRILLION ($158B) added to the South Korean stocks.”x.com
- SUPPORT@coinbureau“South Korea's KOSPI jumps more than 4%, its seventh move of 3% or more in 12 trading days.”x.com
- SUPPORT@bulltheoryio“Over ¥23,550,000,000,000 ($150B) added to Japanese stocks as the NIKKEI surges +2%”x.com
- SOURCE@reuters“Asian stocks surge as Anthropic IPO lifts sentiment ahead of earnings, central banks”x.com
- SOURCEhuggingnewshuggingnews.com