Seoul stocks move up late Monday morning on chip rebound

What happened: Seoul stocks reversed early losses to trade higher on Monday, lifted by a rebound in the country's semiconductor giants after Wall Street closed higher on Friday. Key numbers: KOSPI up 84.21 points, or 1.66 percent, to 5,143.9. S&P 500 up 0.31 percent, Nasdaq up 1.09 percent. Why it matters: The index move was driven by chip shares, with Samsung Electronics and SK hynix leading gains while other large caps traded mixed. Investors are watching fresh uncertainties around Nvidia Corp. after it opened an internal probe.

Seoul stocks reversed early losses to trade higher on Monday, lifted by a rebound in the country's semiconductor giants after Wall Street closed higher on Friday.

The index move was driven by chip shares, with Samsung Electronics and SK hynix leading gains while other large caps traded mixed. Investors are watching fresh uncertainties around Nvidia Corp. after it opened an internal probe.