After three consecutive days of decline, the South Korean stock market rebounded and Samsung Electronics' stock price rose.
On Thursday, the South Korean stock market rose after three consecutive days of decline. Leading stocks included chip manufacturer Samsung Electronics and petrochemical companies. The benchmark Korea Composite Stock Price Index rose by 22.69 points, or 0.72%, to 3152.78 points. Samsung Electronics saw its stock price rise by 1.13%, maintaining its upward trend for the third consecutive trading day. U.S. Commerce Secretary Howard Lutnick is studying whether the government will invest in chip manufacturers as a return on the funding provided by the "CHIP Act" aimed at promoting factory construction in the United States. Jeff Kim, an analyst at KB Securities, said, "This will help strengthen ties with the U.S. government, which may provide an opportunity to alleviate tariffs and other political risks."
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