Finance

KOSPI opens higher, renews bid to hold 7,000 level

South Korea's KOSPI opened higher on Tuesday and moved back above the 7,000 level in early trade after slipping below it in the previous session on profit-taking. Buying interest centered on semiconductor shares, including SK Hynix. As of 9:09 a.m., the index was up 0.77 percent at 7,007.77. The won strengthened against the dollar, while the Kosdaq index also rose.

AI & Enterprise

Intel considers 10 percent PC CPU price hike, raising potential costs for buyers

Intel may raise prices for PC central processing units by about 10 percent in October within the next few weeks, The Verge reported. The move is seen as part of a shift in its PC CPU business toward improving profitability rather than expanding market share. The report comes as chipmakers face broader cost pressures, with Qualcomm raising chip prices on Sept. 1 and component shortages lifting manufacturing costs.