KOSPI Surges 3% as AI Optimism Returns and Goldman Backs 12,000 Target
4 Articles
4 Articles
The KOSPI index is rising by over 3% in early trading on the 7th. This is attributed to the surge in memory semiconductor stocks following OpenAI's earlier launch of its next-generation artificial intelligence (AI) model, 'Astra'. As of 9:03 AM on this day, the KOSPI index recorded 6,896.82, up 209.61 points (3.13%) from the previous trading day. The KOSPI index rose 3.34% (223.57 points) from the previous trading day to 691
KOSPI surges 3% as AI optimism returns and Goldman backs 12,000 target
South Korea’s KOSPI surged about 3% on Monday, leading gains across Asia as investors piled back into semiconductor stocks on renewed optimism over artificial intelligence demand. The benchmark opened 3.34% higher at 6,910.78 and was up 2.97% at 6,886.09 by late morning in Seoul. Samsung Electronics gained 4.91% and SK Hynix jumped 8.4%, while foreign and institutional investors returned as net buyers. The rally came despite stronger US jobs dat…
KOSPI Surges Past 6,900 on Chip Buing Amid Stable Won
On the morning of Sept. 7, the KOSPI index and the won-dollar exchange rate are displayed on an electronic board in the dealing room at the Hana Bank headquarters in Jung-gu, Seoul. (Yonhap) On Monday, Sept. 7, the domestic stock market started the week with a steep upward trend in the 3% range, driven by the bullish momentum of tech stocks in the New York stock market and strong supply and demand concentrated on large-cap semiconductor stocks. …
Domestic semiconductor stocks are surging across the board as OpenAI unveils its next-generation artificial intelligence (AI) model, 'Astra'. With growing expectations for increased demand for high-capacity memory driven by the advancement of AI agent performance, coupled with the semiconductor stock rally seen in the U.S. market last week, buying interest is concentrating across the entire semiconductor sector. According to the Korea Exchange …
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