Seoul stocks rise nearly 2% to end 3-day losing streak on chip gains

South Korean shares rose nearly 2 percent on Thursday, ending a three-session losing streak. This turnaround is largely due to gains in the chip sector, which attracted the attention of institutional investors. The increase in chip stocks helped to offset concerns about elevated U.S. Treasury yields, a factor that had been weighing on the market. As a result, the KOSPI index closed at 6,917.35, a gain of 1.95 percent.

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South Korean shares rose nearly 2 percent on Thursday, snapping a three-session losing streak, as institutional investors scooped up major chip shares. This indicates a positive trend in the market.

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