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Seoul Stocks Open Sharply Higher on Chip Gains, Easing Middle East Tensions

South Korea's KOSPI opened sharply higher Wednesday, led by Samsung Electronics and SK hynix, after the Nasdaq's record close and as Middle East tensions showed signs of easing.

AI News Feed · 2026-09-23 10:11

On Tuesday local time, U.S. stocks ended mixed. The Nasdaq Composite rose 0.45 percent to another record close, while the Dow Jones Industrial Average fell 0.36 percent and the S&P 500 declined 0.06 percent. The persistent rally in technology shares carried into Asian trading.

Investor sentiment improved on an extended rally in artificial intelligence-related stocks and on hopes that Middle East tensions would ease. Diplomatic efforts are under way to end the tension, which helped oil prices fall, Yonhap reported.

In Seoul, most market heavyweights traded higher. Samsung Electronics rose 2.71 percent, and chip giant SK hynix gained 2.07 percent. SK Square, the parent company of SK hynix, advanced 4.24 percent, while Samsung Electro-Mechanics, an electronics component affiliate of Samsung Electronics, jumped 3.55 percent. The Korean won was trading at 1,349.7 won against the U.S. dollar, up 6.8 won from the close of the previous stock trading session.