Global Market: South Korean Stocks Surge Nearly 3% as AI Chip Optimism Lifts Samsung, SK Hynix

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The KOSPI surpassed the 6,900 mark, driven by strong performance in the U.S. AI semiconductor market and the rise of domestic large-cap stocks such as Samsung Electronics and SK Hynix. Despite robust U.S. employment figures, the domestic stock market rebounded due to low inflation concerns. However, the upcoming U.S. August CPI and earnings reports from technology companies are expected to act as key variables determining future market trends.

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The leading stock markets in Asia showed mixed performance on Monday morning. The happiest was in South Korea, where chip giants SK Hynix and Samsung Electronics are rising.

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Samsung Electronics and SK Hynix are surging side by side during intraday trading. According to the Korea Exchange, as of 10:17 AM on this day, Samsung Electronics is trading at 265,250 won, up 3.72% (9,500 won) from the previous trading day. Samsung Electronics, which opened at 267,000 won—up 4.50% from the previous day—is adjusting its gains while fluctuating moderately. At the same time, SK Hynix is trading at 1,743,500 won, up 5.59% (92,00…

ddaily.co.kr

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[Digital Daily Reporter Kang Ki-hoon] The KOSPI is surging by over 3% in early trading on the 7th, driven by simultaneous net buying from foreign and institutional investors. Buying pressure is concentrated on large-cap semiconductor stocks, such as Samsung Electronics and SK Hynix, leading the index's rise. According to the Korea Exchange on the 7th, as of 9:17 AM, the KOSPI is recording 6,914.13, up 226.92 points (3.39%) from the previous tra…