What milestone did the South Korean KOSPI stock index achieve?

The KOSPI stock index surpassed the 6,000-point mark for the first time.

Which companies led the rally that pushed the KOSPI past 6,000?

Chipmakers Samsung Electronics and SK Hynix led the rally, reaching fresh highs.

How much has the KOSPI index grown recently?

The KOSPI has risen 43% this year and saw a 76% jump last year.

Home / Business and Economy / KOSPI Surges Past 6,000 on AI Chip Rally

KOSPI Surges Past 6,000 on AI Chip Rally

25 Feb

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Summary

KOSPI index crossed the 6,000 mark for the first time.
Chipmakers Samsung Electronics and SK Hynix drove the rally.
The index has seen significant gains year-to-date and last year.

KOSPI Surges Past 6,000 on AI Chip Rally

The benchmark KOSPI stock index in South Korea has achieved a historic milestone, surpassing the 6,000-point threshold for the first time. This significant feat occurred on Wednesday, driven by a robust rally in chipmaker stocks, largely propelled by widespread optimism surrounding artificial intelligence technologies.

The KOSPI opened the trading session with a notable gain of 0.89%, reaching 6,022.7 points. This surge follows closely on the heels of the index breaching the 5,000-mark, which happened just a month prior on January 22. Key contributors to this upward momentum were prominent chipmakers Samsung Electronics and SK Hynix, both of which advanced to fresh record highs.