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Automaker rally pushes South Korea equities to fresh peak
South Korean equities hit record levels as automaker stocks surged, supported by earnings optimism, easing inflation signals, and improving global demand conditions.
South Korean stocks climbed to record highs as automakers led a broad market rally, benefiting from strong earnings optimism and improving global demand. Shares of Hyundai and Kia advanced sharply, lifting the benchmark index. Investors also welcomed easing inflation signals and supportive policy expectations, boosting risk appetite. Analysts cautioned valuations are rising, but momentum remains strong amid resilient exports and currency stability across Asian markets.