Seoul shares surge 3% on renewed AI optimism, easing oil prices

Seoul shares closed higher Tuesday, led by gains in technology shares, as renewed optimism over artificial intelligence and falling oil prices boosted risk appetite. The Korean won strengthened against the US dollar. The benchmark Korea Composite Stock Price Index gained 168.87 points, or 3.09 percent, to close at 5,638.34. As the market rallied on strong foreign buying, the Korea Exchange activated a buy-side sidecar at 10:13 a.m., suspending buy orders in program trading for KOSPI-listed share

Source: The Korea Herald