South Korea's KOSPI index tops 9,000 for first time as chipmakers rally
South Korea's KOSPI stock benchmark surpassed 9,000 for the first time on Thursday, driven by a surge in chipmakers fueled by AI optimism. Samsung Electronics and SK Hynix saw significant gains, contributing to the index's record high. The KOSPI h...
By Reuters |
IANS
South Korea's KOSPI stock benchmark hit the 9,000 milestone on Thursday for the first time as chipmakers rallied on AI optimism.
The KOSPI rose as much as 1.54% to 9,000.68, its highest level on record, as chipmaker heavyweights Samsung Electronics and SK Hynix gained more than 2% and 5%, respectively.
The index, which has emerged as the world's best performer in an AI-driven rally, has risen 114% so far this year, after rising 76% last year.
The KOSPI rose as much as 1.54% to 9,000.68, its highest level on record, as chipmaker heavyweights Samsung Electronics and SK Hynix gained more than 2% and 5%, respectively.
The index, which has emerged as the world's best performer in an AI-driven rally, has risen 114% so far this year, after rising 76% last year.
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