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The Economic Times
The Economic Times
Business
Anupam Nagar

Global Market: South Korean shares jump nearly 2% as chip stocks rally

South Korean shares rose sharply on Friday, tracking gains in U.S. chip stocks. The benchmark KOSPI was up 121.10 points, or 1.80%, at 6,836.51 as of 0130 GMT. Despite Friday's gains, the index was down 0.9% for the week after advancing 3.3% in the previous week.

Reuters reported that Asian stocks gained on Friday as easing oil prices and a rebound in technology shares on Wall Street improved investor sentiment. Lower U.S. Treasury yields also helped ease pressure on risk assets.

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