FX.co ★ South Korean Shares Rise on Tech Rally

The KOSPI index surged by 2.48%, reaching approximately 4,026 on Thursday, as it bounced back strongly from recent declines following Nvidia's latest quarterly earnings announcement. The US chipmaker's report revealed an impressive $57 billion in quarterly revenue, surpassing expectations and bolstering confidence in the enduring strength of the AI investment cycle. The index saw widespread gains, predominantly driven by technology and energy sectors. Noteworthy advances were observed in companies like Samsung Electronics (4.04%), SK Hynix (4%), LG Energy Solution (2.29%), and Doosan Enerbility (5.91%). Market optimism received an additional boost due to news suggesting that the Trump administration might postpone planned semiconductor tariffs, reducing immediate uncertainty in the global chip industry. Although the White House and Commerce Department noted no official change in position, the potential delay, alongside a recent Seoul-Washington agreement ensuring fair tariff conditions for Korean chips, contributed to sustaining positive investor sentiment.