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KOSPI hits record high as chipmakers rally on AI demand optimism
KOSPI climbed to a record as AI chip leaders SK Hynix and Samsung extended their rallies on strong demand.
South Korea’s KOSPI index rose 2.1% to a record high in Monday’s session, driven by chipmakers SK Hynix and Samsung Electronics amid rising AI server demand. Investors cited robust export data and expectations of continued semiconductor recovery. Foreign inflows into tech stocks reached a three-month peak, lifting Asia premarket sentiment. Analysts expect earnings momentum to sustain through Q4 as AI adoption drives memory pricing strength. (Investing.com)