Seoul shares surge 3% on renewed AI optimism, easing oil prices

What happened: Seoul shares closed higher Tuesday, led by technology gains, as renewed AI optimism and falling oil prices boosted risk appetite. The Korean won strengthened against the US dollar. Key numbers: KOSPI rose 168.87 points, or 3.09 percent, to 5,638.34. Why it matters: A Daishin Securities analyst said foreigners and institutions snapped up major semiconductor stocks amid renewed AI investment sentiment, despite lingering macroeconomic concerns. The exchange activated a buy-side sidecar for the first time in four sessions. Coverage: 3 outlets in 24h

Seoul shares closed higher Tuesday, led by technology gains, as renewed AI optimism and falling oil prices boosted risk appetite. The Korean won strengthened against the US dollar.

A Daishin Securities analyst said foreigners and institutions snapped up major semiconductor stocks amid renewed AI investment sentiment, despite lingering macroeconomic concerns. The exchange activated a buy-side sidecar for the first time in four sessions.