Bollywood star Dharmendra has died in the Indian city of Mumbai at the age of 89. Indian Prime Minister Narendra Modi paid tribute to the actor, saying his passing "marks the end of an era in Indian cinema". Dharmendra, who often described himself as "a simple man"
South Korean shares climb over 2% on AI, tax-cut optimism
South Korean shares climb over 2% on AI, tax-cut optimism
*
KOSPI rises, foreigners net buyers
*
Korean won strengthens against dollar
*
South Korea benchmark bond yield falls
SEOUL, - Round-up of South Korean financial markets:
** South Korean shares climbed more than 2% on Monday, underpinned by chipmakers on artificial intelligence-fuelled optimism and financial stocks on expectations of tax cuts.
** The benchmark KOSPI was up 103.07 points, or 2.61%, at 4,056.83, as of 0145 GMT.
** Market optimism over AI was renewed after Nvidia CEO Jensen Huang said on Saturday that the semiconductor giant is experiencing "very strong demand" for its state-of-the-art Blackwell chips.
** "His comments eased investor worries that had been raised around the AI sector recently," said Seo Sang-young, an analyst at Mirae Asset Securities.
** A spokesperson for the ruling Democratic Party said on Sunday there was a need for tax rules on dividend income to be "reasonable" and Presidential Chief of Staff Kang Hoon-sik said it was necessary to respond to various opinions being raised, suggesting a cut in dividend income taxes.
** The government proposed to separately impose taxes on dividend income, at a maximum 35%, in its annual tax code revisions announced in September and sent to parliament for approval.
** Among index heavyweights, chipmaker Samsung Electronics rose 2.15%, while peer SK Hynix gained 4.66%. Battery maker LG Energy Solution slid 0.11%.
** The financial sector jumped 3.94%, while securities firms rallied 4.74%.
** Of the total 926 traded issues, 786 shares advanced, while 120 declined.
** Foreigners were net buyers of shares worth 49.8 billion won .
** The won was quoted at 1,453.8 per dollar on the onshore settlement platform, 0.53% higher than its previous close at 1,461.5.
** In money and debt markets, December futures on three-year treasury bonds gained 0.07 point to 105.95.
** The most liquid three-year Korean treasury bond yield fell 2.1 basis points to 2.873%, while the benchmark 10-year yield fell 1.4 basis points to 3.208%.
This article was generated from an automated news agency feed without modifications to text.
Source: LiveMint
Related Posts: Seoul Music Awards full list of winners Seoul holds emergency meeting after citizens detained in US Hyundai raid Seoul Mayor indicted over alleged illegal polling payments S.Korean shares drop as US ramps up trade pressure ahead of tariff deadline Meta, Microsoft shares fall up to 9%, Alphabet shares rise 7% after Q3 results Dream11 parent testing app to foray into financial services under DreamSuite Finance brand Uttarakhand CM assures financial aid and treatment to disaster-hit families Sebi to work with other regulators on all-in-one financial asset statement Banks are pushing video KYC adoption as financial frauds tick up Financial fraudsters turning business accounts into mules for illicit fund transfers
Bollywood star Dharmendra has died in the Indian city of Mumbai at the age of 89. Indian Prime Minister Narendra Modi paid tribute to the actor, saying his passing "marks the end of an era in Indian cinema". Dharmendra, who often described himself as "a simple man"
3 months ago
