Kospi Sets New Record as Chip Stocks Soar, Mideast Tensions Ease
Seoul's Kospi stock index surged to a fresh record high, fueled by a strong performance in chip-related stocks. This market rally was also attributed to eased tensions in the Middle East, which came into focus as trading resumed.
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Mideast Peace Efforts in Focus as Trading Resumes: Markets Wrap - Bloomberg.com
Mideast Peace Efforts in Focus as Trading Resumes: Markets Wrap Bloomberg.com
Read full article →Kospi hits fresh peak as chip-led rally extends
Seoul’s benchmark Kospi breached the 6,900 mark for the first time Monday, propelled by a record-setting rally in semiconductor stocks, as SK hynix’s market capitalization topped 1 quadrillion won ($680.1 billion). The rally gathered momentum from the opening bell. The Kospi began the session 2.79 percent higher at 6,782.93, quickly surpassing its previous intraday high set Friday. The index surged more than 100 points within hours, reaching an intraday peak of 6,922.72. That represents a roughl
By The Korea Herald
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