The Kospi index rose 1.25% to 7,083.84 in Seoul, continuing a rally driven by expectations of strong AI-related earnings. This follows a previous single-day increase of more than 4% on Monday.
Samsung Electronics shares increased by 1.48% to 274,000 won, and SK Hynix jumped 3.65% to 1,848,000 won. Other gains were seen in Korea Electric Power Co., which rose 3.82%, and SK Innovation, which added 1.6%.
In contrast, Hyundai Motor and LG Energy Solution experienced declines. The South Korean won strengthened to 1,338.55 per dollar, while Japan's Nikkei 225 fell 0.95% and the Kosdaq Index rose 0.46%.
US index futures showed a negative trend with Dow futures falling 308 points, or 0.6%. Brent crude oil prices rose 1.1% to $97.31 per barrel, reaching six-week highs amid tensions between Iran and the United States.
Investors are monitoring inflation data and Federal Reserve actions. Traders estimate a 60% probability of a quarter-point rate hike at next week's meeting, as 10-year Treasury yields reached their highest levels since November 2023.
