South Chungcheong’s seaweed industry expects a boost after the United States exempted seasoned seaweed from import tariffs, a move that positions the region to benefit from growing demand for Korean seaweed in the U.S. market.
The Kospi gained 56.54 points, or 1.38 percent, to close at 4,167.16 as investor concerns over an AI-sector bubble were eased on robust earnings from Broadcom.
Wall Street set records on Thursday, even as a sell-off for Oracle and worries about a potential bubble in AI technology weighed on the market.
Shares opened higher Friday after concerns over a bubble in the AI industry eased following better-than-expected earnings by Broadcom on Wall Street.
Foreign investors became net sellers of Korean stocks in November, ending their six-month buying streak as they sought to cash in gains, data showed Friday.
Korea's economy created fewer jobs last year than at any time on record as AI-powered automation cut positions in finance and other white-collar sectors and stable corporate roles continued to disappear, data showed Thursday.
Seoul shares closed lower Thursday as investors were divided over the U.S. Federal Reserve's latest rate-setting meeting. The won weakened against the dollar.
Korea's job growth slowed to a record low in 2024 due mainly to a slump in the construction sector and demographic changes, data showed Thursday.
Shares opened higher Thursday after the U.S. Federal Reserve cut its key rate by 0.25 percentage point in line with the market's expectations.
The U.S. Federal Reserve on Wednesday lowered its benchmark interest rate by a quarter percentage point for the third straight time, as policymakers were divided over the decision amid a weakening labor market and stubborn inflation.
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