Seoul shares closed higher on Monday for the fifth consecutive day, driven by gains in the tech sector following the US Federal Reserve's recent significant rate cut. The benchmark Korea Composite Stock Price Index increased by 0.33 percent to reach 2,602.01 points. Despite a slight decline in the local currency against the US dollar, trading volume remained low at 330.2 million shares valued at 9.3 trillion won, with more losers than winners. Investors were focused on assessing the impact of the Fed's rate cut and were eagerly anticipating upcoming events such as US chipmaker Micron's earnings release and the launch of Korea Exchange's value-up index later in the week. While tech companies like Samsung Electronics and SK hynix showed mixed performances, other sectors like biopharma, internet operators, and battery manufacturers experienced notable gains. On the other hand, automakers like Hyundai Motor and Kia faced declines amidst the overall positive market sentiment. The local currency closed at 1,335.90 won against the US dollar.