Big Tech Gains Push South Korean Shares Higher Post-Christmas; Samsung Adds Over 5%, SK Hynix Nearly 2%

MT Newswires Live12-26

South Korean shares rebounded and closed higher on Friday, in a post-Christmas rally led by large technology stocks. Market bigwigs Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) led the rally with gains of 5.3% and 1.9% respectively.

The Korea Composite Stock Price Index or Kospi rose by 21.06 points, or 0.5%, to end at 4,129.68. The Kosdaq also increased by 4.47 points, or 0.5%, to close at 919.67.

In economic news, the South Korean won appreciated 1.2% to 1,429.85 per dollar on Friday, hitting its strongest level since early November, Bloomberg reported the same day.

Friday's gains added to Wednesday's 2.3% increase as onshore trading resumed after Christmas. The domestic currency rebounded from close to a 16-year low after authorities warned of strong action to check excessive weakness.

Authorities also rolled out new tax measures to steady the foreign exchange market, while the National Pension Service (NPS) introduced a revised currency-hedging strategy, the report said.

The dollar-won pair could fall further in 2026 if it closes below the 1,415 level, according to Christopher Wong, a currency strategist at Oversea-Chinese Banking Corporation (SGX:O39).

In corporate news, Samsung Electronics' Samsung TV Plus launched an all-in-one AI integrated channel that lets users 2000s dramas in high definition, the electronics products maker said in a Friday release.

Samsung TV Plus is a free, ad-supported streaming service accessible on Samsung TVs and mobile devices, with no requirement of subscription or registration.

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