KOSPI Recovers 7,000 Mark on Semiconductor Stock Rally

South Korea's KOSPI index rebounded to the 7,000-point mark on Tuesday, buoyed by a surge in semiconductor stocks. The benchmark index opened 2.15% higher at 7,127.77 points, reclaiming the 7,000 level after falling below it at the close of the previous trading day. The rally was led by major chipmakers, with Samsung Electronics climbing 3.28% and SK Hynix jumping 6.20%. Foreign investors were net buyers, injecting approximately 500 billion won into the market. This upward momentum is attributed to the global strength in semiconductor stocks, fueled by sustained investment expectations in artificial intelligence infrastructure. Micron and Sandisk saw gains in the U.S. market, while Kioxia experienced a significant surge in Japan. In contrast, the KOSDAQ index dipped 0.44% to 860.82, marking its first decline in six trading sessions.