South Korean equities reversed earlier losses, with the KOSPI extending gains to 1% after having fallen as much as 1%, according to Gate data. Among major stocks, Samsung Electronics rose 1.12% and SK Hynix added 1.80%. The move came as fresh trade data from the Korea Customs Service showed a sharp rise in exports. On a working-day adjusted basis, South Korea’s September exports reached $120.9 billion, a record high, up 104.9% from a year earlier. Chip exports were a standout: September semiconductor exports surged 263% year over year to a record $60.3 billion. The figures were released by the customs agency on Thursday and helped support sentiment in the local equity market.
South Korea’s KOSPI extended gains to 1% after earlier falling as much as 1%, according to Gate data. Samsung Electronics rose 1.12%, while SK Hynix gained 1.80%.
The move came after the Korea Customs Service released data on Thursday showing that September exports, adjusted for working days, reached a record $120.9 billion, up 104.9% from a year earlier. Chip exports climbed 263% year over year to a record $60.3 billion in September.
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