Business
Samsung Stock Leaps By Most Since 2008
The Kospi index added 6.8%—a bigger snapback than last April’s rebound following President Trump’s “Liberation Day” tariff plans.
Leading the charge was index heavyweight Samsung Electronics, which surged more than 11%. Samsung is the world’s top memory-chip maker and a leading smartphone producer.
Tuesday marked Samsung’s biggest one-day gain since October 2008, as the global financial crisis roiled world markets.
A U.S. exchange-traded fund tracking Korean shares, the iShares MSCI South Korea ETF (EWY), gained about 4% in Tuesday morning trading.