AI stock boom pushes Seoul's Kospi index over 8,000 for the first time
Samsung Electronics and SK hynix gains helped push the benchmark above the milestone as South Korea triples spending on artificial intelligence this year.
- On Friday, South Korea's benchmark Korea Composite Stock Price Index topped 8,000 points for the first time, surging from around 2,600 points a year ago amid an artificial intelligence-driven semiconductor boom.
- Samsung Electronics, a key global supplier of high-performance chips powering AI infrastructure, posted record first-quarter earnings as worldwide demand for advanced microchips surged.
- Shares in Samsung Electronics have risen around 190 per cent over six months, while United States tech shares like Broadcom climbed 5.52 percent overnight.
- South Korea plans to triple its spending on artificial intelligence this year, aiming to join the United States and China as one of the top three global AI powers.
- Investor sentiment was uplifted after President Donald Trump and Chinese President Jinping agreed in Beijing on Thursday that Iran must not possess nuclear weapons and the Strait of Hormuz must remain open.
14 Articles
14 Articles
Consolidating after breaking through the 8,000 mark; fell to the 7,600s intraday due to foreign selling pressure; turned downward immediately after surpassing 8,000; foreigners net sold 2 trillion won. On the 15th, the KOSPI index surpassed 8,000 points for the first time in history, but reversed into a downward trend as profit-taking by foreign investors poured out. Peak following a short-term surge
(Seoul=Yonhap News) Reporters Kim Tae-jong, Hwang Cheol-hwan, Lim Eun-jin, Go Eun-ji, Kim Yu-ah, Lee Min-young, and Kim Yu-hyang = The KOSPI surpassed the 8,000 mark for the first time during trading on the 15th, making capital market history...
AI stock boom pushes Seoul's Kospi index over 8,000 for the first time
South Korea's benchmark Kospi index topped 8,000 points for the first time Friday (May 15), buoyed by an artificial intelligence-driven boom in the country's semiconductor industry.The index briefly jumped above the milestone during morning trade.It marked the latest high point in a meteoric rise for t
Just 9 days after reaching '7,000 points'... Shortest time to break the '1,000-point mark' record. Individual buying drives index rise despite massive foreign selling. Reporters Hwang Cheol-hwan and Lee Min-young = The KOSPI turned upward on the 15th and broke through the 8,000 mark for the first time in history. At 9 a.m. on this day
Coverage Details
Bias Distribution
- 50% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
