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The Economic Times
The Economic Times
Business
Anupam Nagar

Global Market: KOSPI gains on chip boost; foreigners turn net buyers

Samsung SK Hynix United States Monetary Policy Semiconductor South Korea

South Korean shares rose on Friday, supported by gains in major chipmakers after U.S. semiconductor stocks advanced in the previous session. However, the benchmark was still headed for a weekly decline, Reuters reported.

The KOSPI gained 0.68% to 6,898.84 by 0214 GMT, but remained about 1% lower for the week. Samsung Electronics climbed 3.14%, while SK Hynix advanced 3.67%, tracking a 0.5% rise in the Philadelphia Semiconductor Index on Thursday.

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