Kospi rises 3.46% to highest since August 5 amid AI
Business
South Korea's Kospi stock index rose 3.46% on Wednesday, hitting its highest level since August 5.
The rally marks three days of gains, fueled by growing buzz around AI technology and heavy demand for semiconductors.
Foreign investors pour ₩899.6bn into stocks
Foreign investors poured 899.6 billion won, or $635.65 million, into South Korean stocks, with big names like Samsung Electronics and SK Hynix leading the charge thanks to their roles in AI hardware.
While battery maker LG Energy Solution and automakers also saw solid gains, not every stock followed suit. Some lagged or dipped slightly.
Meanwhile, the South Korean won slipped just a bit against the dollar, and bond yields stayed steady, signaling overall market stability despite global ups and downs.