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KOSPI Surges to New Highs

South Korea ๐Ÿ‡ฐ๐Ÿ‡ท Technology

4 articles from 1 country

South Korea's KOSPI index has surged past 7,800 points, reaching new highs fueled by a US semiconductor rally. Individual investors are increasingly participating, with some using borrowed funds amid FOMO fears.

๐Ÿ‡ฐ๐Ÿ‡ท South Korea/Korean Positive tone 3h ago

KOSPI Surges Past 7,800, Fueled by US Semiconductor Rally

- The KOSPI index surpassed 7,800 points in early trading on May 11, driven by a strong performance in the US stock market, particularly semiconductor stocks. - Despite potential headwinds from stalled US-Iran peace talks, the South Korean market showed resilience, with major tech stocks like Samsung Electronics and SK Hynix experiencing significant gains. - The KOSPI has been consistently breakinโ€ฆ