Seoul stocks extend winning streak to 5th day on chip rally

South Korean stocks extended their winning streak for the fifth consecutive session on semiconductors, while investors remained cautious of the US Federal Reserve's rate-setting meeting later this week.

The benchmark Korea Composite Stock Price Index rose 137.64 points, or 1.58 percent, to 8,864.24, inching closer to the 9,000-point mark.

After opening lower, the index entered positive territory in the afternoon, boosted by buying pressure from retail and institutional investors.

The two groups ...