South Korea’s KOSPI Breaks 7,000 Ceiling To Hit a New Record High
South Korea’s KOSPI index hit a record high of 7,384.56, driven by an AI-led rally in semiconductor stocks like Samsung Electronics and SK Hynix.Summary
South Korea’s KOSPI benchmark index surpassed the 7,000 threshold for the first time, closing at a record 7,384.56. This surge was primarily fueled by intense global demand for artificial intelligence chips, significantly boosting major semiconductor companies. Samsung Electronics saw its market capitalization exceed $1 trillion, while SK Hynix reached an all-time high.
Beyond corporate gains, South Korea’s economy is supported by strong fundamentals, including an improving manufacturing PMI and 11 consecutive months of export growth. Investor optimism is further reflected in the iShares MSCI South Korea ETF, which has seen a massive 600% increase in bullish call option bets, positioning the fund as a top-performing global equity market.
(Source：BeInCrypto)