South Korean KOSPI Hits Record High Fueled by Chip Stock Rebound

Deep News08:41

The South Korean KOSPI index has reached a record high, buoyed by a sustained rebound in semiconductor stocks and reflecting gains from the Nasdaq's overnight performance. Comments from the U.S. President regarding Apple's agreement to collaborate with Intel on chip design and manufacturing have also boosted market sentiment.

Among the notable gainers, SK Hynix rose 6.0%, Samsung SDI increased 4.4%, Hanmi Semiconductor advanced 5.1%, and SK Square climbed nearly 7%. The KOSPI index gained 2.6% to close at 9,301.88 points.

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