The South Korean stock market closed up nearly 1% on Wednesday, boosted by stock buybacks from local chip giants and the easing of the external environment. Investors waited for Nvidia's earnings report; the exchange rate of the won against the US dollar weakened. The Korea Composite Stock Price Index closed up 65.47 points, or 0.97%, to 6808.21 points. Market trading was moderate, with 3233 million shares and a transaction amount of 22.38 trillion won. Individual stocks rose by 584, while individual stocks fell by 273. Leading company Samsung Electronics rose 1.75% to 261,500 won; rival SK Hynix rose slightly by 0.6% to 1688,000 won. Lee Kyung-min, an analyst at Daxin Securities, said, “With the support of stock repurchases, the Korea Composite Index has returned above 6,800 points; global oil prices have fallen and US bond yields have declined, further boosting market sentiment.”

The South Korean stock market closed up nearly 1% on Wednesday, boosted by stock buybacks from local chip giants and the easing of the external environment. Investors waited for Nvidia's earnings report; the exchange rate of the won against the US dollar weakened. The Korea Composite Stock Price Index closed up 65.47 points, or 0.97%, to 6808.21 points. Market trading was moderate, with 3233 million shares and a transaction amount of 22.38 trillion won. Individual stocks rose by 584, while individual stocks fell by 273. Leading company Samsung Electronics rose 1.75% to 261,500 won; rival SK Hynix rose slightly by 0.6% to 1688,000 won. Lee Kyung-min, an analyst at Daxin Securities, said, “With the support of stock repurchases, the Korea Composite Index has returned above 6,800 points; global oil prices have fallen and US bond yields have declined, further boosting market sentiment.”