KOSPI tops 9,000 as Samsung Electronics and SK Hynix rally
Business
South Korea's KOSPI just made history, surpassing 9,000 for the first time ever.
The boost came mostly from chip giants Samsung Electronics and SK Hynix, which saw their shares jump more than 2% and 5%.
This year alone, KOSPI has soared by 114%, making it the world's top-performing stock index.
Semiconductors and AI fuel rally
The surge is fueled by massive growth in semiconductors and AI tech: Samsung and SK Hynix are leading that charge.
Investors are betting big on the country's tech scene. The record-breaking run shows just how much faith there is in these companies to keep pushing boundaries.