Seoul's stock market surged by over 1 percent on Wednesday as investors snapped up technology shares in the wake of a rally on Wall Street. However, the Korean won weakened against the US dollar. The benchmark Korea Composite Stock Price Index rose by 33.41 points, or 1.21 percent, to reach 2,797.33, marking its highest level since January 21, 2022. Trade volume was substantial at 635.72 million shares valued at 13.86 trillion won ($10.03 billion), with more losers than winners. Institutional and foreign investors bought a combined 820 billion won worth of stocks, surpassing individual stock selling valued at 748 billion won. In the US, the Dow Jones Industrial Average and the Nasdaq Composite saw modest gains, and Nvidia became the world's most valuable publicly traded company for the first time, surpassing Microsoft Corp. and Apple Inc. In Seoul, the surge was led by technology, automotive, and battery stocks. Market leader Samsung Electronics Co. and other major companies such as Samsung SDI Co., LG Electronics Inc., and Hyundai Motor Co. saw notable gains. Conversely, Korean Air Co., Amorepacific Corp., and SK Telecom Co. experienced declines. The local currency closed at 1,381.80 won against the US dollar, down 0.7 won from the previous session's close.