-- South Korean shares closed at a fresh new high on Tuesday, as investors looked forward to the first-quarter earnings of key US-based technology companies.
The Korea Composite Stock Price Index or Kospi rose 25.99 points, or 0.4%, to end at 6,641.02. The Kosdaq decreased by 10.6 points, or 0.9%, to close at 1,215.58.
In economic news, the composite business sentiment index in all industries in South Korea increased 0.8 points to 94.9 in April from 94.1 in March, while the outlook for the next month added 0.8 points to 93.9, according to data released by the Bank of Korea on Tuesday.
The outlook for May marked the highest level since August 2024.
Meanwhile, the economic sentiment index, a composite of the business survey and consumer survey indices, went down 2.3 points to 91.7.
In corporate news, DoubleU Games (KRX:192080) will acquire all issued and outstanding American Depositary Shares (ADS) of DoubleDown Interactive at $11.25 per ADS in cash, the developer of online games and mobile games said Tuesday.
The deal is valued at about $184 million. Following the transaction, DoubleDown Interactive will become a fully-owned subsidiary of DoubleU Games, according to the release.
Shares of DoubleU Games jumped nearly 9% at market close.