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21/10/2026 08:48

South Korea's KOSPI index gains widen to 3.5%, data center firm Elice recovers ground, surging 30%

The Economic News Agency reported on the 21st that South Korea's KOSPI composite stock price index rose after opening on Wednesday, with gains expanding to 3.5%, currently at 5,750.56 points. SK Hynix surged over 6%, and Samsung Electronics rose nearly 5%.

South Korea's artificial intelligence (AI) cloud and data center company Elice listed on the KOSDAQ market on Tuesday (20th), with its share price plunging 32% at one point. However, boosted by strong earnings reports from U.S. technology firms improving market sentiment, Elice recovered most of its losses on Wednesday, with its share price rising approximately 30%. (yc)
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