South Korea’s KOSPI Rises 4% as Samsung and SK Hynix Advance

South Korea’s KOSPI rose 4% in Tuesday’s session as Samsung Electronics gained 6% and SK Hynix advanced 4%, with both stocks posting gains at or above the index’s move. At 8:51 p.m. ET Tuesday (00:51 UTC Wednesday), the KOSPI’s daily increase had widened to 4%. Samsung’s gain was 2 percentage points larger than the index’s, while SK Hynix’s matched it. The KOSPI is identified as Korea’s stock index; the other two figures are gains for individual shares. The 4% reading describes the index’s daily move, while Samsung’s 6% and SK Hynix’s 4% refer to those companies’ share prices.

Source: TokenPost