Samsung Electronics Shares Surge Despite Deteriorating Performance...KOSPI at 2,520 level

Samsung Electronics' fourth-quarter earnings fell far below market expectations, but stock prices surged more than 3% due to an influx of buying from foreigners and institutions.

Shares of Samsung Electronics started more than 1 percent lower on selling by foreigners and institutions, but gains grew as foreigners and institutions switched to net buying.

The market believes that underperformance has been a shelf-life for stock prices, and Nvidia CEO Jensen Huang's remarks that he is confident of passing the quality test of Samsung Electronics' HBM have boosted investor sentiment.

, on the other hand, SK Hynix fell 0.2% due to Nvidia's fall on the New York Stock Exchange.

The KOSPI rose 1.2 percent to close at 2,521.05 on combined net buying by foreigners and institutions.

The tech-heavy KOSDAQ opened 0.6% lower and was mixed before closing 0.2% higher at 719.63.

The won-dollar exchange rate in Seoul's foreign exchange market is at 1,455 won as of 3:30 p.m.

The won-dollar exchange rate has recently declined due to media reports that President-elect Trump's tariff pledges will not be as strong as expected and the impact of the National Pension Service's dollar sale.