La Bolsa de Seúl sube un 1,3 % tras los comentarios de Powell

By: News Team

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La Bolsa de Seúl sube un 1,3 % tras los comentarios de Powell

The main indicator of the Seoul Stock Exchange, the Kospi, rose 1.3% on Wednesday after comments from US Federal Reserve Chairman Jerome Powell that inflation has begun to soften.

The South Korean benchmark gained 31.93 points to 2,483.64, while the technology index Kosdaq It gained 9.92 points, or 0.91%, to 1,095.2 points.

On Tuesday, Powell said in Washington that, although further rate hikes will be necessary, the price increase shows signs of finally deflating.

His words were balsamic today on the Seoul Stock Exchange, where foreign and institutional investors were the main buyers.

The highest value tab on the South Korean parquet, Samsung Electronics (KS:005930), gained 1.94% today, while the second largest memory chip maker in the world, SK Hynix (KS:000660), rose a significant 4.92%.

For its part, the owner of the most used internet search engine in South Korea, Naver (KS:035420), advanced an even more remarkable 5.01%, and Kakao, operator the most popular instant messaging application in the Asian country, became more expensive by 1.62%.

Biopharmaceutical company Samsung Biologics improved its share price by 0.37% and the main South Korean carmaker, Hyundai Motors, climbed 1.29%.

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