Seoul: South Korean stocks extended gains late Wednesday morning, led mostly by chipmakers and other tech companies. The benchmark Korea Composite Stock Price Index had gained 56.77 points, or 1.42 percent, reaching 4,067.18 as of 11:20 a.m.
According to Yonhap News Agency, top tech giant Samsung Electronics saw an increase of 1.11 percent, while SK hynix added 4.22 percent. In the tech sector, major companies like Naver and Kakao also experienced significant growth, with Naver jumping 5.73 percent and Kakao gaining 8.01 percent.
Steelmakers were among the sectors trading higher, with POSCO Holdings rising by 0.62 percent and Korea Zinc climbing 8.28 percent. Additionally, the local currency showed strength, trading at 1,433.8 won against the dollar, up 3.9 won from the previous session's close.