Seoul stocks extend gains late Fri. morning on bargain hunting

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SEOUL, Oct. 16 (Yonhap) -- Seoul stocks extended gains late Friday morning as investors went bargain hunting for large-cap tech shares.

The benchmark Korea Composite Stock Price Index (KOSPI) was up 154.88 points, or 2.79 percent, to 5,709.1 as of 11:20 a.m.

The index had opened higher after tumbling over 7 percent the previous session amid concerns over the sustainability of artificial intelligence (AI) trade.

Overnight, major stock indexes on Wall Street closed higher, despite declines in major AI shares, while investors kept a close watch on the latest producer price data, which posted the largest gain in 4 1/2 years in September.

The U.S. Producer Price Index surged 1.3 percent last month, led largely by energy price increases stemming from the ongoing war in the Middle East, fanning expectations the Federal Reserve is likely to maintain a hawkish stance on rates.

In Seoul, chip giants Samsung Electronics and SK hynix both added over 2 percent.

Battery maker LG Energy Solution advanced 0.99 percent, auto industry leader Hyundai Motor jumped 6.77 percent and defense giant Hanwha Aerospace vaulted 9.1 percent.

The Korean won was trading at 1,345.7 won against the U.S. dollar as of 11:20 a.m., down 3.7 won from the previous stock trading session.

Traders are seen working inside the dealing room of Hana Bank in central Seoul, on Oct. 16, 2026. (Yonhap)

fairydust@yna.co.kr (END)

Seoul stocks extend gains late Fri. morning on bargain hunting

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首尔，10月16日（韩联社）——周五上午晚些时候，首尔股市延续涨势，投资者纷纷逢低买入大型科技股。

截至上午11点20分，韩国综合股价指数（KOSPI）上涨154.88点，涨幅2.79%，至5709.1点。

由于对人工智能（AI）交易的可持续性感到担忧，该指数在前一交易日暴跌超过7%后，开盘走高。

隔夜，尽管主要人工智能股票下跌，华尔街主要股指仍收高，投资者密切关注最新的生产者价格数据，该数据在9月份录得4年半以来的最大涨幅。

受中东持续战争导致能源价格上涨的影响，美国生产者价格指数上月飙升 1.3%，这加剧了人们对美联储可能维持鹰派利率立场的预期。

在首尔，芯片巨头三星电子和SK海力士的股价均上涨超过2%。

电池制造商 LG 能源解决方案股价上涨 0.99%，汽车行业领军企业现代汽车股价上涨 6.77%，国防巨头韩华航空航天股价飙升 9.1%。

截至上午 11:20，韩元兑美元汇率为 1,345.7 韩元，较前一交易日下跌 3.7 韩元。

2026年10月16日，交易员在首尔市中心韩亚银行的交易室内工作。（韩联社）

fairydust@yna.co.kr (完)

首尔股市周五早盘尾部延续涨势，投资者纷纷逢低买入。