Seoul stocks end tad higher on bargain hunting

What happened: Seoul shares closed slightly higher after dropping more than 3 percent the prior session, as investors bought major chip stocks amid persistent AI investment concerns. Key numbers: KOSPI rose 16.53 points, or 0.3 percent, to 5,550.30. Volume was 236 million shares worth 16.5 trillion won. Decliners led advancers 716 to 173. Why it matters: SK hynix pared losses after deciding to suspend plans to list its US subsidiary Solidigm, which the content says had raised holding company discount concerns. An analyst said US AI investment concerns were already priced in.

Seoul shares closed slightly higher after dropping more than 3 percent the prior session, as investors bought major chip stocks amid persistent AI investment concerns.

SK hynix pared losses after deciding to suspend plans to list its US subsidiary Solidigm, which the content says had raised holding company discount concerns. An analyst said US AI investment concerns were already priced in.