South Korean shares jump 4.39% as chip stocks lift Samsung and SK Hynix

South Korean shares rose 4.39% on Tuesday, with the KOSPI gaining 240.38 points to 5,709.85 as semiconductor stocks led the session, Reuters reported. The index level was recorded at 7:23 AM IST. The KOSPI gains 240.38 points to 5,709.85

Reuters reported that the KOSPI rose 240.38 points to 5,709.85 as of 7:23 AM IST.

Samsung Electronics gains 5.05%

Samsung Electronics climbed 5.05% during Tuesday's trading session, according to Reuters.

SK Hynix rises 7.14%

SK Hynix gained 7.14% during Tuesday's trading session, Reuters reported.

LG Energy Solution advances 3.73%

LG Energy Solution rose 3.73%, according to Reuters.

Hyundai Motor and Kia move higher

Hyundai Motor advanced 1.91%, Reuters reported. Kia Corp gained 1.33%, according to the same report.

POSCO Holdings adds 3.15%

POSCO Holdings added 3.15%, Reuters reported.

Samsung BioLogics falls 4.89%

Samsung BioLogics fell 4.89%, moving against the broader market advance, Reuters reported.

Anthropic files for an initial public offering

Anthropic filed for an initial public offering, according to Reuters.

695 stocks advance as foreign investors buy 597.3 billion won

Foreign investors were net buyers of South Korean shares worth 597.3 billion won, or $450.57 million, Reuters reported. Among 910 traded issues, 695 advanced and 187 declined, according to Reuters.

South Korea’s economy is growing at a faster pace than expected during the third quarter, according to the advance estimates released by the country’s central bank on Friday. Global demand for artificial-intelligence chip has been supporting the country’s exports and investment, the central bank said.

Anthropic's filing for an initial public offering helped revive investor interest in artificial-intelligence-related shares, Reuters reported.

The won strengthens 0.08% as Korean bond yields diverge

South Korea’s currency strengthened 0.08% on the onshore market to trade at KRW 1,325.0 per dollar, up from KRW 1,326.0 when yesterday’s close was settled by Reuters.

The futures for December on three-year Treasury bonds were unchanged on Thursday at 103.25, Reuters reported. The most actively traded three-year Treasury bond’s yield rose 0.4 basis points to 3.792%, while the 10-year benchmark declined 0.7 basis points to 4.068%.

US semiconductor shares gain more than 2% on Monday

U.S. stocks rose on Monday. The Philadelphia Semiconductor Index jumped more than 2%, Reuters reported.

The move in US shares of companies involved in AI was attributed to renewed enthusiasm for investing in artificial intelligence, Reuters said.

Third-quarter growth was supported by chip exports and investment

South Korea's faster-than-expected third-quarter economic growth was supported by exports and investment connected with global artificial-intelligence chip demand, according to advance estimates from the central bank.