Seoul shares open sharply higher on tech gains ahead of US midterm election results

What happened: South Korean shares opened sharply higher, led by tech stocks, as investors awaited results from the U.S. midterm elections. Key numbers: KOSPI rose 124.21 points, or 2.2 percent, to 5,773 as of 9:15 a.m. Nasdaq gained 0.83 percent and the PHLX chip index climbed 2.63 percent. Why it matters: The advance tracked overnight gains in U.S. chip shares, and the midterm elections could reshape policy directions in Trump's second half in office. Coverage: 4 outlets in 24h

South Korean shares opened sharply higher, led by tech stocks, as investors awaited results from the U.S. midterm elections.

The advance tracked overnight gains in U.S. chip shares, and the midterm elections could reshape policy directions in Trump's second half in office.