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Seoul shares post record 18 percent jump to reclaim 6,500 point level on chip rally
Korean stocks staged their biggest one-day gain on strong chip shares after upbeat Microsoft earnings soothed worries over AI spending.
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Korea output, spending and investment rebound, though recovery doubts linger
Industrial production, retail sales and facility investment all rose in June, though officials cautioned it is too early to call it a sustained recovery.
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SK hynix hits price limit, lifts Chey stake over 20 percent
The chip giant surged to its daily price ceiling on heavy foreign buying, boosting Chairman Chey Tae-won’s newly purchased shares by more than 20 percent in a day.
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Higher incomes, rising housing prices drive tax revenue up by 5.5 trillion won in June
Wage hikes and home sales created a marked increase over last year's numbers, with a major jump in the securities transaction tax also playing a key role.
