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South Korea’s Kospi Opens Over 1% Higher as SK Hynix and Samsung Electronics Gain; Japanese Markets Closed

South Korea’s Kospi Opens Over 1% Higher as SK Hynix and Samsung Electronics Gain; Japanese Markets Closed

TradingKey – On September 23, South Korean stocks rose in early trading, with semiconductor shares showing active momentum. The Korea Composite Stock Price Index (KOSPI) opened up 1.94% at 7,153.99 points before narrowing its gain to 1.37%, trading at 7,113.74 points. Japanese stock markets are closed today for the Autumnal Equinox.

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Source: TradingView

Large South Korean chip stocks extended their gains. SK Hynix rose 2.01%, trading at 1.877 million won (approx. $1,391); Samsung Electronics advanced 2.71%, trading at 284,000 won.

Overnight broad gains in U.S. memory chip stocks provided a positive backdrop for the South Korean semiconductor sector. SanDisk (SNDK) surged 6.82%, Micron Technology (MU) gained 5.00%, Seagate Technology (STX)…

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