Seoul stocks open sharply higher on continued chip rebound

South Korean stocks opened sharply higher Wednesday on semiconductors as investors closely wait for the upcoming earnings release from big tech companies.

The benchmark Korea Composite Stock Price Index was up 402.31 points, or 5.96 percent, at 7,150.26 as of 9:15 a.m.

Overnight major stock indexes on Wall Street closed higher, as US chipmakers followed the movements of South Korean peers, such as Samsung Electronics and SK hynix.

Micron and Sandisk both rose over 10 percent, along with other ma ...