South Korean shares closed marginally higher on Tuesday as investors were concerned over the fresh conflict in the Middle East.
The Korea Composite Stock Price Index or Kospi rose by 3.64 points, or 0.12%, to end at 2,950.3. The Kosdaq declined 1.61 points, or 0.21%, to close at 775.65.
In economic news, South Korea's money supply increased in April, with the broad money, or M2, rising 0.2% to 4,235.8 trillion won from 4,227.7 trillion won a month earlier, the Bank of Korea said Monday.
M2 is a gauge of the money supply that encompasses cash, demand deposits, and other readily convertible financial instruments.
The country's narrow money, or M1, decreased 0.6% to 1,272.5 trillion won in the month from 1,279.5 trillion won in March.
In corporate news, LG CNS (KRX:064400) partnered with US-based Skild AI to jointly develop industrial AI humanoid robots, the South Korean technology company said in a Tuesday release.
The partnership, backed by an investment through LG Technology Ventures, uses Skild AI's Robot Foundation Model, which is capable of learning from multimodal data to enable autonomous robot behavior. LG CNS plans to fine-tune this model with industrial data to support complex tasks in manufacturing, logistics, and urban services.
The company aims to launch an AI humanoid robot service integrating Skild's AI model with its own platform and smart solutions, while partnering with hardware manufacturers.
Shares of LG CNS jumped nearly 6% at market close on Tuesday.
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