Rally

South Korean stocks surged more than 5 percent Wednesday, on a semiconductor rally boosted by the ongoing U.S. chip giant Nvidia’s global artificial intelligence (AI) conference. The Korean won strengthened against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) closed up 284.55 points, or 5.04 percent, to 5,925.03.

The index came under strong buying pressure from foreigners and institutional investors, triggering the Korea Exchange (KRX), the country’s main bourse operator, to issue a buy-side sidecar near the closing bell.

Program trading for the KOSPI was suspended for five minutes at 2:34 p.m., according to the KRX.

Offshore and institutional investors snapped up a combined net 4 trillion won (US$2.7 billion) worth of equities. Retail investors, on the other hand, offloaded 3.9 trillion won.

Trade volume was heavy at 1.1 billion shares worth 26.1 trillion won, with winners far outnumbering losers 614 to 278.

Investors’ appetite for semiconductors increased, following remarks from Nvidia’s Chief Executive Officer (CEO) Jensen Huang on Samsung Electronics, Lee Kyoung-min, an analyst at Daishin Securities, said.

During the ongoing four-day event in California, Huang said on Monday he wants to “thank Samsung, who manufactures the Groq LP30 chip” for the company, adding that the chips are in production and would be shipped in the second half of this year.

“The stock market’s sensitivity to geopolitical issues in the Middle East is markedly declining,” Lee added.

Most large cap shares ended bullish.

Top-cap Samsung Electronics jumped 7.53 percent to 208,500 won, while its chipmaking rival SK hynix climbed 8.87 percent to 1,056,000 won.

Nuclear power plant builder Doosan Enerbility rose 2.78 percent to 107,300 won, on anticipations alternative energy sources would benefit from the recent spike in oil prices.

Brent crude, the international oil benchmark, has remained at the US$100 per barrel level for the past five sessions.

In contrast, defense shares lost ground as investors went to lock in profits. Hanwha Aerospace inched down 0.43 percent to 1,390,000 won, and LIG Nex1 retreated 2.27 percent to 689,000 won.

The Korean won was quoted at 1,483.1 won against the U.S. dollar as of 3:30 p.m., up 10.5 won from the previous session.

Bond prices, which move inversely to yields, closed higher. The yield on three-year Treasurys fell 6.3 basis points to 3.261 percent, and the return on the benchmark five-year government bonds retreated 6.7 basis points to 3.511 percent.

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Hi, and welcome to another edition of Prep Rally. I’m Eric Sondheimer. The champions have been crowned in high school basketball and soccer. What a weekend it was in Sacramento.

Champions

Damien players celebrate their state Division I boys’ basketball title victory over Folsom at the Golden 1 Center in Sacramento on March 13, 2026.

(Greg Stein)

In the highest divisions at the CIF state championships at Golden 1 Center in Sacramento, Southern California basketball teams continue to dominate.

Sierra Canyon and Ontario Christian were crowned Open Division boys and girls champions, respectively. Sierra Canyon overcame the loss of Maxi Adams to an ankle injury in the first quarter to defeat Richmond Salesian 78-70. Here’s the report.

Kaleena Smith of Ontario Christian gets emotional in the first half at Golden 1 Center against Archbishop Mitty.

(Greg Stein)

Ontario Christian received another standout performance from junior guard Kaleena Smith to defeat Archbishop Mitty 56-49. Here’s the report.

Damien won Division I for coach Mike LeDuc. Here’s the report. Corona Centennial’s one-two punch of Sydney Douglas and Cyndee Bryant led the Huskies to the Division I girls title. Here’s the report.

Sylmar and Birmingham came up short trying to become the first City Section teams from the San Fernando Valley to win state titles. Sylmar was beaten in Division V. Here’s the report. Birmingham settled for runner-up in Division III. Here’s the report.

El Dorado’s girls’ team broke through in Division III. Here’s the report.

Soccer

Garfield goalkeeper Javier Zarate gets his photo taken with CIF executive director Ron Nocetti at state soccer finals. Garfield lost 2-0 in Division V.

(CIF)

Garfield was beaten in the Division V state boys final 2-0 by Branson. But sophomore goalie Javier Zarate continues to impress. Here’s a look at his impact.

Mater Dei deserves the name soccer school of the West. The Monarchs won boys and girls state titles in Division I. The boys defeated Salinas Everett Alvarez 2-1. The girls defeated unbeaten Bishop O’Dowd 2-0. Los Alamitos won Division III boys over Watsonville 1-0. Irvine University won Division IV 3-2.

Baseball

Freshman Louis Lappe of Harvard-Westlake receives congratulations after his first high school hit.

(Craig Weston)

Freshman Louis Lappe of Harvard-Westlake, the former El Segundo Little League star who gained national fame for his walk-off home run at the Little League World Series in 2023, hit his first high school home run on Wednesday.

Let’s just say he was a little excited.

Brody Schumaker of Santa Margarita had four hits, including a grand slam, and seven RBIs in a win over Los Osos. He has struck out once in 34 at-bats.

Landon Hovermale of Norco has allowed no runs in 18 2/3 innings this season.

(Nick Koza)

Norco has one of the hottest pitchers around in Landon Hovermale, who has given up no runs in 18 2/3 innings. Here was his latest performance.

Foothill pitchers have thrown three consecutive shutouts.

There’s every indication that the Southern Section is going to introduce a new playoff format for Division 1 baseball only. It’s expected to be a 16-team tournament broken into four pools with double elimination leading to the quarterfinals with the top two teams in each pool advancing, followed by single elimination. The baseball advisory committee has been pushing for such a tournament in Division 1 for years.

Here’s this week’s top 25 rankings by The Times.

Softball

Emily Yoon of El Dorado threw a no-hitter in a win over Villa Park in a league opener.

Here’s last week’s top 20 softball rankings, with unbeaten Murrieta Mesa leading the way.

Track and field

Benjamin Harris of Servite turned on the speed at Redondo Union on Saturday, running a wind legal 10.27 seconds in the 100 meters.

One of the most versatile track and field athletes this season has to be junior Davis Benson of Moorpark. He’s putting up good marks in a variety of events. He’s already set school records in the 110 hurdles of 14.30 and the 300 hurdles in 38.82. And he’s gearing up for a high jump showdown later in the season with Sherman Oaks Notre Dame’s JJ Harel. Benson has gone 6-10.

Carson’s Jayden Rendon stamped himself as a state contender in the 110 hurdles with a time of 13.91 at Redondo Union.

Lawrence Kensinger of Venice, another pupil of Sherman Oaks Notre Dame throwing coach Nick Garcia, is closing in on 60 feet in the shotput. He recorded a career-best 59-8.

Jaslene Massey of Aliso Niguel, already No. 1 in the state in the discus, won the Nike Indoor Nationals in the shotput at 54-2.75, seventh-best mark in California history. She also got a mark of 188-7 in the discus, second-best all-time.

Loyola’s Ejam Yohannes ran 400 meters in a state-leading 46.24. It was a school record.

Bob Johnson dies

Former Mission Viejo coach Bob Johnson died last week. He was 80.

(Los Angeles Times)

High school football fans across Southern California were offering memories of Hall of Fame coach Bob Johnson after his passing Wednesay. He was 80.

Johnson won nine Southern Section titles coaching at Mission Viejo and El Toro.

Here’s the report.

Notes . . .

One of the best sporting events of the year happens Friday night when volleyball powers Mira Costa and Loyola face off at Mira Costa. . . .

Alfred Rowe has resigned after one season as football coach at Long Beach Jordan. . . .

Earl Sanchez has resigned as basketball coach at Sierra Vista. . . .

Former Gardena Serra and UCLA tight end Caleb Wilson has been hired as an assistant coach at Colorado State under former UCLA coach Jim Mora Jr. . . .

Luis Cruz Jr. is the new football coach at Sunny Hills. . . .

The top football player in the state for next season, Honor Fa’alave-Johnson of Cathedral Catholic, announced he has committed to USC.

From the archives: Mason Edwards

In 2023, Left-hander Mason Edwards of Palisades was one top pitchers in the City Section. Now he’s the ace at USC.

(Steve Galluzzo)

Mason Edwards, a junior at USC from Palisades High, is off to one of the best starts by a pitcher in the nation. He entered last week having allowed no runs and only three hits in 24 innings while recording a 3-0 record. He gave up his first run of the season on Friday. He’s left-handed and has 42 strikeouts. He throws between 90 and 93 mph.

Edwards has continued to improve at USC since his arrive in the fall of 2023.

Recommendations

From the Players Tribune, former El Toro pitcher pitcher Paul Skenes offers advice to Little Leaguers.

From the Daily Bruin, a story on Brentwood basketball coach Ryan Bailey, a former UCLA basketball standout.

From the Los Angeles Times, a story on former Chatsworth guard Alijah Arenas keeping his NBA dreams alive.

Tweets you might have missed

Until next time….

Have a question, comment or something you’d like to see in a future Prep Rally newsletter? Email me at eric.sondheimer@latimes.com, and follow me on Twitter at @latsondheimer.

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Police make 12 arrests as demonstrators defy government restrictions to gather on Thames embankment.

Hundreds gathered in central London for the annual Al-Quds Day demonstration, an international show of solidarity with Palestinians that this year took place under sweeping new restrictions and a heavy police presence.

Crowds assembled on Sunday along the Albert Embankment of the River Thames, where demonstrators waved Palestinian flags, held banners, and chanted slogans – some carrying images of Iran’s late Supreme Leader Ayatollah Ali Khamenei, who was killed earlier this month during US-Israeli attacks on Iran.

Police made 12 arrests during the event, including for showing support for a proscribed organisation and threatening or abusive behaviour.

Chants of “from the river to the sea” and “Israel is a terror state” were heard. Al-Quds Day is named after the Arabic name for Jerusalem.

More than 1,000 officers were deployed across the area ahead of what police Assistant Commissioner Ade Adelekan warned would still be “a difficult public order weekend”. Earlier estimates suggested 12,000 people could attend, but only hundreds showed up.

The demonstration marked the first time in more than a decade that authorities banned the march through the capital.

Home Secretary Shabana Mahmood approved Scotland Yard’s request for a month-long prohibition on marches, with the government citing public disorder risks linked to the “volatile situation in the Middle East”, and potential clashes between different groups of demonstrators.

Organisers from the Islamic Human Rights Commission proceeded with a “static” rally in defiance, telling supporters the event would go ahead regardless.

The group accused London police of having “capitulated to the pressure of the Zionist lobby”.

‘Words have consequences’

Al-Quds Day takes place annually on the final Friday of Ramadan, with rallies held worldwide in solidarity with Palestinians and in opposition to Israel’s occupation of Palestinian territory. It was held on Sunday in London as Friday was a regular workday.

Police put demonstrators on notice that “intifada” chants and displays of support for proscribed groups would result in arrest, with Adelekan stating “these words have consequences”.

On the opposite bank, a smaller counterprotest organised by Stop The Hate and the Lion Guard of Iran drew Iranian dissidents and others opposed to the Islamic Republic, some waving Israeli flags.

Scotland Yard used the River Thames as a physical barrier, with police boats patrolling the water and Lambeth Bridge closed to separate the two sides.

Both demonstrations were confined to the stretch between Vauxhall and Lambeth bridges and permitted only between 1pm and 3pm.

Both demonstrations wrapped up at 3pm, with police saying the security plan had worked and neither side attempted to breach conditions by marching.

Activists gathered outside the White House to protest the war with Iran, reenacting the Minab school strike, a deadly missile attack on a girl’s school in southern Iran that killed more than 170 people during early US-Israeli operations.

Demonstrators gathered in Toronto for Al-Quds Day, denouncing US-Israeli attacks on Iran and Lebanon.

Iranian state TV video shows the Chief Justice Gholam-Hossein Mohseni-Eje’i speaking to a reporter when a blast, described by officials as an Israeli strike, hit near the al-Quds Day rally in Tehran. Despite the explosion, he continued marching with crowds taking part in the annual pro-Palestinian demonstration.

Protesters in Athens have marched to the US Embassy to condemn the US-Israeli attacks on Iran, joining protests held worldwide over the escalating conflict.