South Korean stocks rise for the third consecutive day as Alphabet earnings boost memory chip stocks

格隆汇2026/07/23 00:50

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Glonghui, July 23 | South Korea's benchmark Kospi index rose as much as 3.6%, marking its third consecutive trading day of gains. Alphabet's plan to increase capital expenditure boosted the share prices of memory chipmakers SK Hynix and Samsung Electronics. Samsung Electronics rose 4.8%, while SK Hynix gained 5.7%. South Korea's small-cap Kosdaq index climbed as much as 3.4%. The recent wave of foreign selling has eased, and overseas investors have resumed net buying of South Korean Kospi index stocks. On Wednesday, foreigners' net buying of South Korean stocks climbed to the highest level since early May.

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OPEC's monthly report shows that Saudi Arabia's average daily crude oil production in October rose to 10.56 million barrels, just several hundred thousand barrels lower than the pre-war level in February and slightly above its quoted limit under the OPEC framework. Iraq's daily output in October also reached approximately 4.9 million barrels, a new high since the outbreak of war. Meanwhile, after the UAE exited OPEC and began competing in the market independently, both the UAE and Saudi Arabia recently slashed their official December cargo prices for Asian buyers, intensifying the competitive landscape.

华尔街见闻•2026/11/11 17:31