Kospi opens higher on tech gains

Stocks opened 3.3 percent higher Thursday as investors scooped up bargain-priced chip stocks following the previous session's steep sell-off.

The benchmark Kospi rose 243.11 points, or 3.3 percent, to 7,489.90 at the opening bell.

Overnight, U.S. stocks ended mixed. The Dow Jones Industrial Average fell 1.09 percent, while the tech-heavy Nasdaq Composite rose 0.2 percent.

Investors, overall, remain concerned about renewed tensions between the United States and Iran, as well as uncertainty over the next phase of AI trade.

Market bellwether Samsung Electronics rose 3.06 percent, while chip giant SK hynix climbed 6.79 percent.

Yonhap