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Seoul shares spike over 5 pct to approach 7,000 on chip rally; won sharply up

This photo, taken Monday, shows the trading room of Hana Bank in Seoul as South Korean stocks rose more than 5 percent to reach a record high. Photo by Yonhap

South Korean stocks shot up by more than 5 percent to close at a fresh high Monday, approaching the 7,000-point mark, as investors scooped up semiconductor shares while awaiting developments in U.S.-Iran peace talks. The Korean won rose sharply against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) added 338.12 points, or 5.12 percent, to a fresh record high of 6,936.99.

Trade volume was heavy at 864.3 million shares worth 41.3 trillion won (US$28.2 billion), with losers outnumbering winners 473 to 392.

Foreigners bought 3 trillion won worth of local shares, and institutions purchased a net 1.9 trillion won, while retail investors dumped a net 4.8 trillion won.

The index opened 2.79 percent higher after U.S. President Donald Trump announced a plan to guide ships not involved in the Iran conflict through the Strait of Hormuz as a “humanitarian gesture” starting this week.

Later, a senior Iranian official warned that Tehran would consider any U.S. interference in the strait a ceasefire breach.

However, the KOSPI extended its gains in the afternoon, supported by foreign and institutional buying.

“Tech shares were driven by gains on Wall Street over the weekend,” Lee Kyung-min, an analyst at Daishin Securities, said. “Also, foreign investors expanded their net purchase ahead of the market closure for Children’s Day on Tuesday.”

The main index surpassed the 5,000-point mark in late January and topped another milestone of the 6,000-point level in February.

After recouping its losses in March following the outbreak of the U.S.-Iran war in late February, the KOSPI is now approaching the uncharted 7,000-point level on continued optimism over the AI boom and hopes for the reopening of the key waterway.

Semiconductor stocks led the rally.

Chip giant Samsung Electronics jumped 5.44 percent to 232,500 won, and its chipmaking rival SK hynix surged 12.52 percent to a fresh record high of 1.4 million won, surpassing 10 trillion won in market capitalization for the first time.

Hanmi Semiconductor, a chip equipment manufacturer, rose 2.72 percent to 378,000 won, and Samsung Electro-Mechanics, an electronic components affiliate of Samsung Electronics Co., soared 10.34 percent to 918,000 won.

Defense shares were also strong as industry leader Hanwha Aerospace advanced 3.39 percent to 1.4 million won and LIG D&A gained 4.46 percent to 983,000 won.

Top carmaker Hyundai Motor climbed 1.51 percent to 539,000 won, and leading battery maker LG Energy Solution increased 2.5 percent to 472,000 won.

However, bio shares went south as Celltrion fell 1.35 percent to 197,800 won, and Samsung Biologics dropped 2.58 percent to 1.4 million won.

The Korean won was quoted at 1,462.8 won against the U.S. dollar at 3:30 p.m., up 20.5 won from the previous session.

The quotation marks the highest since February 27, when the currency closed at 1,439.7 to the greenback.

Bond prices, which move inversely to yields, closed lower. The yield on three-year Treasurys added 2 basis points to 3.615 percent, while the return on the benchmark five-year government bonds gained 1.7 basis points to 3.797 percent.

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Some key groups moved toward Trump in 2024. Here’s what they think now, according to AP-NORC polls

Many of the groups that helped elect Donald Trump as president again are deeply unhappy with his performance, according to a new AP-NORC poll.

Trump’s return to the presidency was fueled by a wide-ranging coalition that built on his loyal base of supporters. Now that Trump has been in the White House for more than a year, the survey of more than 2,500 U.S. adults from The Associated Press-NORC Center for Public Affairs Research finds that many key groups — including Hispanic adults, younger adults and men — are increasingly dissatisfied with his presidency.

The poll was conducted from April 16 through Monday, as oil prices fluctuated and Americans spent more at the gas pump.

It’s a particularly bad moment for Trump, a Republican whose economic approval slumped over the past month as the Iran war drives prices higher. But AP-NORC polls show that discontent has been building among critical segments of the population over the past year.

Trump’s overall approval among Hispanic adults has fallen 16 percentage points since March 2025, and his support has declined by 9 percentage points among men.

And while Trump’s base is still largely behind him — most Republicans approve of his performance — there are signs that his second term may not be living up to their expectations.

Here’s what polling shows about Trump’s current status with four important groups:

Hispanic adults

Hispanic Americans have grown increasingly discontented with Trump over the past year.

About one-quarter of Hispanic adults approve of how he’s handling the presidency in the new poll, down from about 4 in 10 in March 2025.

That decline has been visible since late last year — suggesting that it’s not just the war in Iran or recent spikes in gas prices that are leaving this group unhappy.

Trump’s restrictive immigration approach may be playing a role. Only about one-quarter of Hispanics approve of his handling of immigration, down from 36% at the beginning of his term.

His immigration tactics appear to be particularly unpopular among younger Hispanics — a group with which he made gains in 2024. Only 18% of younger Hispanic adults approve of his performance on immigration, compared with 40% of Americans overall.

There is also broad discontent about the state of the U.S. economy among Hispanics. Only about one-quarter of Hispanic adults approve of how Trump is handling that issue, and about 2 in 10 say they approve of his approach to the cost of living. Few Hispanic adults, about 2 in 10, describe the nation’s economy as “good.”

Young adults

Trump’s overall approval with Americans under age 45 has slid over the past year, falling from 39% in March 2025 to 28% in the latest poll.

Younger women have a particularly dim view of Trump’s handling of the economy.

Only about 2 in 10 women under age 45 approve of how Trump is handling the economy, including only 7% of younger Hispanic women who approve of his economic approach. More young men, about 3 in 10, approve of him on this issue.

Trump’s struggles among young adults extend to other groups, too. Only about one-third of white adults under age 45 approve of his overall performance, compared with 45% of white adults age 45 or older.

A downtick among men

Trump made broad appeals to men throughout his 2024 campaign, and most male voters backed Trump in the presidential election over Democrat Kamala Harris. In particular, he made slight but significant gains with Black and Hispanic men, who were drawn by his vows to revitalize the economy.

Since he reentered office, though, American men have become slightly less likely to approve of his performance, declining from 47% at the start of his second term to 38% in the most recent poll.

There are signs that Black men, in particular, aren’t seeing Trump’s economic promises pan out. Black men are more likely than white or Hispanic men to disapprove of Trump’s approach to the presidency, as well as his approach to the economy, the cost of living and Iran. Only about 1 in 10 Black men say they approve of how Trump is handling the cost of living, and roughly 2 in 10 approve of how he’s handling the economy.

Hispanic men, too, have a relatively dim view of Trump’s overall performance. About 3 in 10 approve of how Trump is handling the presidency, regardless of their age. That support is stronger among white men, with about half approving of Trump.

While young Republicans are frustrated, MAGA still backs Trump

Trump has benefited from Republicans’ loyalty for years, but there are recent signs of frustration even within his base.

Roughly two-thirds of Republicans approve of Trump’s job performance. That is down slightly from 82% near the start of his second term and is generally in line with the GOP low point from his first term.

But only about half of Republicans overall approve of Trump’s approach to the cost of living, and a majority of Republicans under age 45 disapprove of him on that issue.

Trump is still buoyed by the support of his MAGA base, even as he faces backlash from conservative media figures on some of his recent actions in Iran.

About 9 in 10 MAGA Republicans — those who consider themselves supporters of the “Make America Great Again” movement — approve of Trump’s job performance, and a similar share approve of his handling of Iran.

It’s a good sign for Trump that his most robust supporters are still in his corner, but not all Republicans identify with MAGA. About half of Republicans, 54%, say they consider themselves MAGA supporters.

Among non-MAGA Republicans, Trump’s approval is much lower, at 44%.

Sanders and Thomson-Deveaux write for the Associated Press. The AP-NORC poll of 2,596 adults was conducted April 16-20 using a sample drawn from NORC’s probability-based AmeriSpeak Panel, which is designed to be representative of the U.S. population. The margin of sampling error for adults overall is plus or minus 2.6 percentage points.

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Penetrium Bioscience unveils new approach to cancer treatment

Penetrium Bioscience CEO Cho Won-dong speaks during a press conference in Seoul on Thursday. Photo by Penetrium Bioscience

SEOUL, April 16 (UPI) — South Korea’s Penetrium Bioscience unveiled a novel approach to cancer treatment that targets the environments surrounding tumors. That announcement came during a press conference in Seoul on Thursday.

The company said that its drug candidate, Penetrium, developed by its major shareholder CNPharm, is designed to overcome a key problem of traditional cancer treatments — drug resistance caused by “sublethal” dosing.

Thus far, such resistance has been attributed to genetic mutations within cancer cells. However, Penetrium Bioscience shifted its focus to the tumor microenvironment, which it identified as a critical factor behind inadequate dosing.

Its rationale is that cancer cells can undergo adaptive changes, which reinforce the physical and metabolic barriers of the tumor microenvironment, enabling them to withstand further treatment.

Based on this concept, the company said that it has targeted the “soil,” which means the environment surrounding cancerous cells, rather than the “seed,” or the tumors themselves.

Penetrium aims to disrupt this process, and the company noted that its mechanism has been checked by three independent institutes, including Seoul National University Hospital and KAIST, one of Korea’s leading science and engineering universities.

“Penetrium is the ideal strategic partner capable of restoring drug efficacy by overcoming the sub-lethal dose limitations faced by targeted anticancer therapies from global big pharmaceutical firms,” Penetrium Bioscience CEO Cho Won-dong told the press meeting.

“This research will usher in a new era for targeted cancer treatments,” he added.

Penetrium Bioscience plans to present its research findings at the upcoming AACR Annual Meeting 2026, one of the world’s most prominent scientific conferences on cancer research.

Hosted by the American Association for Cancer Research, the yearly event is scheduled to begin Friday and run through Wednesday in San Diego.

The share price of Penetrium Bioscience dipped 9.55% on the Seoul bourse on Thursday.

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Storm Dave set to approach UK bringing Easter weekend wind, rain and snow

There is a risk of significant travel disruption during what is predicted to be the busiest Easter weekend in four years for drivers.

Bridges could close and ferry services may be cancelled, with possible delays to planes, trains and buses.

Rough seas and large waves will bring dangerous conditions around the coasts.

Parts of north-west Scotland are also covered by a Met Office yellow warning for rain and snow.

At low levels, especially in the Western Isles and Skye, up to 50mm (2in) of rain could fall with the potential for flooding.

Meanwhile hills and mountains above 200m (650ft) are likely to see snow, with 5-10cm (2-4in) expected to accumulate, and a small chance of 20cm (8in) in a few places.

Coupled with the strong winds this could give blizzards, snowdrifts and very poor visibility on the roads.

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Most Californians still disapprove of immigration crackdown, poll says

Two-thirds of California voters disapprove of President Trump’s immigration policies and a majority believe those policies are discriminating against Latinos, according to a new poll.

Nearly half of the voters said they were concerned that they, a family member or a close friend could be detained because of Trump’s immigration policies.

The findings of the UC Berkeley Institute of Governmental Studies poll, released Wednesday, show that most Californians haven’t budged on their thoughts about the president’s approach to immigration since he returned to office. A poll last August similarly showed strong disapproval of the Trump administration’s approach to immigration enforcement.

The poll, which was conducted for the Los Angeles Times, showed the usual division along party lines when voters were asked whether they trust the U.S. Border Patrol and Immigration and Customs Enforcement, whether agents should wear masks while on duty, and whether Latinos are being discriminated against.

“This suggests that a significant number of voters see ICE infringement on the individual rights of the undocumented as also potentially leading to broader infringements on citizens’ rights,” said G. Cristina Mora, co-director of the institute and a sociology professor at UC Berkeley who studies race and immigration.

“Latino voters also seem to particularly worry about the way that racism is motivating current immigration practices,” she said, which is likely tied to the Supreme Court’s approval of immigration agents detaining people on the basis of their perceived race, ethnicity, language or occupation.

The overall disapproval among voters of Trump’s immigration policies — 64% — was down a bit from the August poll, in which 69% of respondents said they disapproved of how immigration enforcement was being carried out in California.

Republicans appear to be more approving of immigration policies now, with 86% saying they approve of Trump’s immigration policies — up from 79% approval of enforcement in California last August.

Mora said the tilt among California Republicans toward the Trump administration could be due, in part, to the framing of the question, which asked about “President Trump’s immigration policies.”

Any time Trump’s name is included, Republicans are more likely to agree with him, she said. The same effect is seen when asking about other issues, such as the economy.

Another factor could be the timing, Mora said. Last summer, federal agents conducted widespread raids in Los Angeles before moving on to target other cities, such as Chicago and Minneapolis.

Now that the administration has shifted away from some tactics that resulted in escalations of violence, Republicans are “falling in line” again with the administration, she said.

“My hunch is it was shocking,” Mora said of the immigration raids last summer. “Things have normalized because the tension is somewhere else.”

Seeking to de-escalate after two protesters were shot and killed by federal agents in Minneapolis, the president tapped his border advisor Tom Homan to take control of the immigration enforcement operation there.

Republican strategist Ford O’Connell said that’s why voters are more supportive.

“Tom Homan being in charge and publicly taking a much lighter touch and appearing reasonable to the average voter is why you’re seeing this turnaround,” he said.

But Democratic strategist Maria Cardona said that that’s wishful thinking and that ICE’s approach hasn’t substantially changed.

“It only went down five points,” she said, referring to the disapproval of Trump’s policies. “That’s not the American people being on the side of the administration — it’s that they’re not seeing American citizens murdered on their screens every day.”

One question saw strong division among Republicans: Should immigration agents be allowed to enter the homes of suspected undocumented immigrants without a judge-approved search warrant?

Among California Republicans, 45% said no, 38% said yes, and 17% said they have no opinion.

O’Connell said that’s because Republicans strongly value civil liberties, especially around property.

Republicans were more strongly in favor of a different policy, allowing ICE agents to wear masks while on duty. While 91% of Democrats opposed the policy, 68% of Republicans favored it.

In the August poll, 45% of Republicans said federal agents should be required to show clear identification when carrying out their work. That desire for identification doesn’t appear to extend to being fully identifiable by face.

O’Connell said Republicans understand the concern over agents increasingly being doxxed.

“The administration wants to find a happy medium there, whether it’s a nameplate or a badge number,” he said. “There is wiggle room.”

Nearly 7 in 10 respondents said they want state and local authorities to intervene when they witness unlawful detentions or excessive use of force by federal immigration agents.

Voters were also asked about their level of concern that they, a family member or a close friend could be detained because of Trump’s immigration policies. While 85% of Republicans said they are not too concerned or not concerned at all, 63% of Democrats said they are somewhat or very concerned.

Overall, nearly half of the respondents, 45%, said they are somewhat or very concerned. Among racial and ethnic groups, 62% of Latino voters, 46% of Black voters and 43% of Asian or Pacific Islander voters said they are somewhat or very concerned.

“The Latino community has always wanted to think the best of this country and they still do,” Cardona said. “Our positivism, our optimism, our hope in a better future is second to none. I think that’s what you’re seeing in those numbers, even as our community feels totally attacked.”

Mora said the high concern among Black residents is notable because, while most Black Californians aren’t immigrants themselves, Los Angeles has one of the largest concentrations of Blaxicans — the children of one Black parent and one Latino parent.

Beyond intermarriages, Black residents in California are also likely to have immigrant friends or neighbors, she said.

O’Connell took a different view: “I don’t think we can glean anything from it other than how one party focuses more on identity politics than the other.”

The Institute of Governmental Studies poll was completed online in English and Spanish from March 9 to 15 by 5,109 registered voters in California.

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‘The AI Doc: Or How I Became an Apocaloptimist’ review: Lacks needed nuance

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AI is coming. AI is here. AI is a bubble. AI is the future we want. AI is the end. AI is the path to a better us (at least the ones who survive it).

A big topic, this artificial intelligence, with a lot of different ways to think about it. To grapple with AI is a worthy endeavor for any filmmaker. (And by grapple, I don’t mean asking AI to make the film for you.)

Daniel Roher, the man behind the Oscar-winning “Navalny,” has, along with co-director Charlie Tyrell, attempted a nonfiction primer of sorts on the biggest technological, societal and existential challenge of our time with “The AI Doc: Or How I Became an Apocaloptimist,” a title boasting a hybrid coinage Roher picks up from one of his interviewed experts — one of too many, it turns out. “The AI Doc” is a well-intentioned but aggravating soup of information and opinion that wants to move at the speed of machine thought.

Roher’s approach is understandable for a mainstream doc. He assumes many of us are tech-competent, anxious and confused as to what AI even is to begin with. In his pursuit of answers, Roher employs a cloying framework: his loving wife occasionally narrating as if this were a storybook and Roher the protagonist of a scary adventure. The fable construct extends to a frenetic visual scheme of handmade art and animation that interrupts our absorption process as if we were kids needing stimulation between all the talking heads.

As for the AI itself, the experts — a mix of tech founders (such as Sam Altman and Anthropic’s Amodei siblings), historians, scientists and assorted champions and skeptics — come to Roher’s home, because he wants to foreground a key question as an expectant father: Should he be bringing a child into this world?

Perhaps more urgently, should Roher have made an AI doc that treats us like children? First, he parades all the safety doomers, seeming to believe their warnings that an unfeeling superintelligence is upon us and we can’t trust it. Then, sufficiently disturbed, he hauls in the AI cheerleaders, a suspiciously positive gang who can envision only medical miracles and grindless lives in which we’re all full-time artists.

Only then, after this simplistic setup where platitudes reign, do we get the section in which the subject is treated like the brave (and grave) new world it is: geopolitically fraught, economically tenuous and a playground for billionaires.

Why couldn’t the complexity have been the dialogue from the beginning, instead of the play-dumb cartoon “The AI Doc” feels like for so long? Maybe Roher believes this is what our increasingly gullible, truth-challenged citizenry needs from an explanatory doc: a flashy, kindhearted reminder that we’re the change we need to be.

But if you thirst for a sober-minded investigation into this ominous tool — one with an approach that treats you like the intelligent being you are — you’ll have to wait for AI doc 2.0.

‘The AI Doc: Or How I Became an Apocaloptimist’

Rated: PG-13 for language

Running time: 1 hour, 44 minutes

Playing: Opens Friday, March 27 in limited release

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