South Korean shares closed up nearly 6% on Thursday, reversing a prior sharp
decline as chip stocks surged on shareholder-return moves and a drop in US
Treasury yields. SK Hynix jumped 12.73% after announcing a buyback and
cancellation of treasury stock; Samsung Electronics rose 9.49% amid media
reports it will unveil a new shareholder-return policy at month-end. Other large
caps: LG Energy Solution +0.14%, Hyundai Motor +0.85%, Kia -1.43%, POSCO
Holdings +0.47%, Samsung Biologics +1.94%. Market breadth was positive with 521
advancers and 338 decliners. Foreign investors were net buyers of KRW1.7
trillion (about $1.22bn) of Korean equities.
