Seoul shares close almost flat on Fed minutes despite chip gains


South Korean stocks ended the day with minimal change, as gains in major semiconductor companies were countered by cautious sentiment following the release of the US Federal Reserve's latest meeting minutes. The benchmark Korea Composite Stock Price Index closed down by a marginal 0.06 percent, while trade volume was moderate. The local currency strengthened against the US dollar. The stock market initially faltered in response to the Fed's cautious stance, but recovered slightly as Samsung Electronics and SK hynix saw gains after a positive earnings report from US chip giant Nvidia. Despite this, other major companies such as LG Energy Solution, KB Financial Group, and Naver experienced declines. The local currency ended the day slightly higher against the US dollar.


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