Seoul stocks turn up late Mon. morning on bargain hunting

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SEOUL, Nov. 2 (Yonhap) -- Seoul stocks reversed course to trade higher late Monday morning as investors went bargain hunting for tech heavyweights.

After opening over 1 percent lower, the benchmark Korea Composite Stock Price Index (KOSPI) was up 93.16 points, or 1.63 percent, to 5,823.9 as of 11:20 a.m.

On Friday, the index dipped over 3 percent amid persistent woes over the profitability of artificial intelligence (AI) investment.

On Friday (U.S. time), the S&P 500 and the tech-heavy Nasdaq both closed down over 1 percent, as disappointing quarterly results from big tech companies fueled concerns over investments in AI .

Chip giant Intel led the overall decline, plunging over 28 percent, while Google's parent company Alphabet dipped 1.4 percent.

Despite the AI-related cash burn woes, South Korea's semiconductor exports remained strong, with outbound shipments for the sector skyrocketing 259 percent on-year in October, data from the trade ministry showed.

Chip giants Samsung Electronics and SK hynix added 0.89 percent and 2.47 percent, respectively.

AI investment firm SK Square strengthened 2.79 percent, bio firm Celltrion added 0.89 percent, and defense giant Hanwha Aerospace jumped 6.75 percent.

The Korean won was trading at 1,341.9 won against the U.S. dollar, down 7.6 won from the close of the previous session, as of 11:20 a.m.

Traders work inside the dealing room of Hana Bank in central Seoul on Nov. 2, 2026. (Yonhap)

fairydust@yna.co.kr (END)

Seoul stocks turn up late Mon. morning on bargain hunting

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首尔，11月2日（韩联社）——周一上午晚些时候，首尔股市逆转走势走高，投资者纷纷逢低买入科技巨头股票。

韩国综合股价指数（KOSPI）开盘下跌超过1%后，截至上午11点20分上涨93.16点，涨幅1.63%，至5823.9点。

周五，由于人工智能 (AI) 投资盈利能力持续低迷，该指数下跌超过 3%。

周五（美国时间），由于大型科技公司令人失望的季度业绩引发了人们对人工智能投资的担忧，标普500指数和以科技股为主的纳斯达克指数均收跌超过1%。

芯片巨头英特尔领跌整体股价，跌幅超过 28%，而谷歌母公司 Alphabet 的股价下跌了 1.4%。

尽管人工智能带来的现金消耗问题困扰着韩国，但韩国半导体出口依然强劲，贸易部的数据显示，10月份该行业的出口额同比增长了259%。

芯片巨头三星电子和SK海力士的股价分别上涨了0.89%和2.47%。

人工智能投资公司 SK Square 股价上涨 2.79%，生物技术公司 Celltrion 股价上涨 0.89%，国防巨头韩华航天股价上涨 6.75%。

截至上午11点20分，韩元兑美元汇率为1341.9韩元，较前一交易日收盘价下跌7.6韩元。

2026年11月2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)

首尔股市周一上午晚些时候因逢低买盘而走强。