Kospi Hits New Record as Chip Stocks Rally on AI Demand
BeInCrypto
South Korea’s Kospi index reached a new intraday record high, fueled by strong demand for AI-related memory chips from Samsung and SK Hynix.Summary
The South Korean Kospi index achieved a new all-time intraday record of 6,355 on Tuesday, surpassing its previous peak from February. The rally was primarily driven by significant gains in major technology firms, specifically Samsung Electronics and SK Hynix, as investors anticipate strong first-quarter earnings fueled by global demand for AI infrastructure and high-performance memory chips. While the index later pared some gains due to profit-taking, it remains elevated amid a mixed performance across broader Asian markets.
(Source：BeInCrypto)