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South Korea's KOSPI closes up 3.09% as chip stocks rally

NewsFeeds update

South Korea's KOSPI closed up 168.88 points, or 3.09%, at 5,638.35 on 27 October, with SK Hynix up about 5% and Samsung Electronics up about 4%. Japan's Nikkei 225 closed up 1,078.72 points, or 1.73%, at 63,268.37, led by chip-related shares.

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The story so far: KOSPI session gains

South Korea's KOSPI has been rising through the session, up 3% at 5,721.34 on 21 October and later extending gains past 5,800 points. On 2 November it extended its intraday gain to 2% after an early 2% fall, with SK Hynix up 3.8% and Samsung Electronics up 1.3%.

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  1. South Korea's KOSPI closes up 3.09% as chip stocks rally

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