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Korea's KOSPI breaks 7,000 as AI rally catapults Samsung into $1 trillion club
AI-related stocks and market heavyweights including Samsung and SK hynix rallied, prompting the bourse operator to temporarily halt program-driven buy orders.
- On Wednesday, South Korea's benchmark Korea Composite Stock Price Index surpassed the 7,000-point mark for the first time, reaching 7,280.08 by 9:15 a.m. as market heavyweights led the rally.
- President Donald Trump's Tuesday announcement to pause Strait of Hormuz operations, citing "great progress" toward an Iran deal, provided momentum alongside an overnight Wall Street rally.
- Samsung Electronics jumped 9.89 percent and SK hynix rose 9.33 percent, with Samsung reaching a $1 trillion market capitalization milestone as AI-related stocks powered the rally.
- Reflecting extreme intraday volatility, the bourse operator issued a five-minute buy-side sidecar at 9:06 a.m. to temporarily halt program-driven buy orders.
- Building on a 5.1 percent gain on Monday, the KOSPI has climbed 76 percent so far this year, supported by government market reforms and strong manufacturing activity.
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Shares of Samsung Electronics jumped 14% in a high boosted by expectations of strong growth in artificial intelligence
·Brazil
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Korea's KOSPI breaks 7,000 as AI rally catapults Samsung into $1 trillion club
South Korea's benchmark KOSPI index vaulted past 7,000 for the first time on Wednesday, as an AI-powered rally in semiconductor stocks drove Samsung Electronics past the $1 trillion market-cap barrier.
·United Kingdom
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The KOSPI started sharply higher on the 6th and broke the 7,000 mark for the first time in history. As of 9:02 AM on this day, the KOSPI stood at 7,248.24, up 311.25 points (4.49%) from the previous close. The index rose 156.02 points (2.25%) from the previous session.
Coverage Details
Total News Sources12
Leaning Left2Leaning Right2Center2Last UpdatedBias Distribution34% Left, 33% Center, 33% Right
Bias Distribution
- 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
34% Left
L 34%
C 33%
R 33%
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