23 Hrs
المشهد العربي
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المشهد العربي

2026-09-07T13:48:58.000Z

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Korean stocks rise 4.6 percent

Korean stocks rise 4.6 percent

The South Korean stock market index surged strongly by 4.6% during the trading session, supported by a rise in technology stocks, particularly Samsung Electronics, which increased by 5.68%, and SK Hynix, which advanced by 8.26%. This comes amid expectations from Goldman Sachs that the index will continue to rise to around 12,000 points, an increase of approximately 80% from current levels, driven by growing demand for memory chips and projections of global technology companies' spending surpassing one trillion dollars next year. Additionally, the US dollar weakened slightly against the Korean won by 0.15%, recording 1,344.17 won.

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